Forex weekly forecast


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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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Weekly Trading Forecast: All Eyes on the White House Yet

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Both technical and fundamental approaches may be considered independently and exclusive of each other, but it is increasingly becoming clear that decisions to act in the market should be a careful balance of both approaches while also, naturally, keeping into perspective the time frame of the expected investment’s duration.

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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.


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