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EUR/USD Forecast August 16, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 16 August 2016 08:12 UTC
The EUR/USD pair initially fell during the course of the session on Monday, but then turned right back around to reach the 1.12 level above, an area that is resistive. If we can break above there, the market should continue to go higher and reach towards the 1.1350 level above. On the other hand, we could very well find sellers in this area so I am a bit hesitant to get involved in this market currently. This is a market that should continue to have quite a bit of volatility, so I will have to be patient.

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