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EUR/USD Weekly Forecast – 26 June – 30 June

Saturday, Jun 24 2017
EUR/USD Weekly Forecast – 26 June – 30 June

Euro initially pulled back in the course of the last week but found plenty of support around 1.1120 area in order to rebound by the end of the week and come back to 1.12 handle. It was an overall steadier week, with focus on Brexit negotiations. As for next week we would be more focused on US figures and Eurozone CPI data. Any type of supportive candles around 1.1120 and 1.1080 area would be short-term buying signal, while resistive candles above 1.1250 and 1.13 level would be short-term selling opportunity.

In long-term trends, as long as we are above 1.10 handle we have no interest in selling the pair. However, we expect plenty of resistance on the way up all the way to 1.15 handle.

More in this category: « GBP/USD Weekly Forecast – 26 June – 30 June AUD/USD Weekly Forecast – 03 July – 07 July »

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