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Forex Chart Review and Forecast
Let’s review our Forex charts HERE, on, July 9th, 2018, in our Forex Signal and Forecast report, we talked about EURUSD dropping to 1.1740, well it did and is now sitting at 1.1703 as we are writing this forecast. We believe that EURUSD will start making a change and possibly become bullish again, we base this on what we see on DXY currently and an indication that the reversal is starting to slow down. Our view on DXY is still not fully decided but we are starting to lean towards a bearish view for the rest of the year, which means that EURUSD will become bullish, we do believe that there is a strong chance of EURUSD trading sideways, in a range, which has not yet become apparent.
For today we are looking for a bullish setup on EURUSD, we have not yet seen it but expect to see one during the morning hours.
Review our charts and follow them accordingly.
Play it careful and enjoy.