EUR/USD forecast for the week of February 20, 2017, Technical Analysis
The EUR/USD pair initially fell during the week but found enough support near the 1.05 level to turn things around to form a hammer. The hammer of course is a bullish sign and I think that we will probably break a little higher from here. If we can clear the
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The EUR/USD pair initially fell during the week but found enough support near the 1.05 level to turn things around to form a hammer. The hammer of course is a bullish sign and I think that we will probably break a little higher from here. If we can clear the top of the weekly candle from the previous week, the market could go to the 1.10 level. Alternately, we breakdown below the bottom of the hammer from the week, I think that the market could go all the way down to the 1.03 level. This could be an interesting week.
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