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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.


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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