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Weekly Forex Forecast (June 3 - 7, 2019)

From dailypriceaction.com

The EURUSD isn’t surprising anyone just yet. Predictably, last week was another failed attempt at a move higher. I wrote about the bullish candle on May 23rd. It was a potential double bottom, but buyers needed to clear that 1.1260 area before we could confirm the reversal pattern. Last week didn’t even come close. But that doesn’t mean we got burned. I told members on the 27th that I would not be buying EURUSD. I haven’t been a fan of the pair throughout 2019. I also didn’t want to fight the downtrend that’s been in place since February of last year. And it’s a good thing I avoided buying EURUSD last week too. The ... (full story)

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  • Category: Technical Analysis