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In the previous EUR/USD forecast we noted that the currency pair was a near doji for the week. As mentioned previously, the bullish correction was temporary indeed. Support and resistance region by the numbers would give us 1.11 and 1.08 respectively.

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Technical Analysis

Looking at the EUR/USD weekly chart above we note that the currency pair attempted a bullish maneuver. It was however capped by 1.11 as forecasted. I love it when our support and resistance lines work!

Don’t miss the full forecast. Continue on to TheGeekKnows.com for the full technical analysis and the fundamental analysis of the EUR/USD Forecast Weekly Review to understand more about the underlying market sentiments.

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