EUR/USD Forecast 3 August 15
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In the previous EUR/USD forecast we noted that the currency pair was bullish for the week. It did approach the 1.08 region as expected before a bullish correction took place. The current bullish recovery might be temporary. A clearance of it would bring us to 1.11. Any bearish return might once again target 1.08
Technical Analysis
Looking at the EUR/USD weekly chart above we note that the currency pair is a near doji for the week. As mentioned last week, the bullish correction was temporary indeed.
Source: http://www.fxinstructor.com/blog/eurusd-forecast-3-august-15
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