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Good day forex traders and readers.

In the previous EUR/USD forecast we noted that the currency pair was a doji for the week and our bollinger bands worked. The bearish momentum was rejected by the lower bollinger band and the immediate support would be at 1.09 followed by 1.08.

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Technical Analysis

Looking at the EUR/USD weekly chart above we note that the currency pair was again bearish for the week. It is now below the lower bollinger band.

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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