Forex weekly forecast
Date: 2017-05-11 20:47
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As discussed in last analysis Cypher harmonic pattern got completed and correction can be seen till 8795/8795 range unable to close above 8965.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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EUR-USD settled above the two-week low logged late yesterday at , which was the culmination of four straight sessions of declines. USD-JPY remained well bid after seeing a near two-month high at late yesterday, with a bullish session across Asia stock markets keeping the yen on the offer. Read more
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EUR-USD has declined for a fourth straight session, this time logging a 67-day low at . The euro has also traded softer against the yen and sterling, among other currencies, while the narrow USD index recovered from Asia-session weakness to log a fresh 69-day high. Read more
In the week ahead, the economic calendar is quite light on 'high' impact events, with several 'medium' impact releases due out in the . throughout the week.