Weekly Technical Forecast: EURUSD Awaits Its Break Cue while Aussie and Equities Continue Their Slide
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Volatility factored in for the Dollar this past week, but a break and trend continues to elude the currency. Keep as close an eye on activity levels and participation as you do on the key levels like 1.1500 and 1.1700 from EURUSD.
The dollar-yen ended the week at the same level as last week but rests on a trend line originating in March. If the pair trades above the line early next week, expect bulls to take over.
The battle between Brexit and US monetary policy continues to play out in GBPUSD but a series of three higher lows may see prices edge higher in the short-term.
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