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Follow on Google News | EUR/USD Forex Signal ForecastWeekly outlook and forex signal foreecast on eur/usd
By: Forex Signal Clear strengthening of the dollar in the rapidly weakening of the euro led to a big drop in steam EUR / USD at the end of last week, and the scale and dynamics of this movement may suggest that the adjustment of the ongoing trend for the pair since December 22, could no longer be fulfilled. Cycle occurring in the EUR / USD is now in the downward phase. Thus, the end of the correction would imply a return to at least medium-term declines in the 1.3650 area, where the two waves would be equal to down. Confirmation of such a variant derived from the graph of the EUR / USD 1.43 would overcome neighborhoods where there are major, presented the second of the above chart support. However, looking at factors correlated with short-term cycles, it appears that the first test of this support will have a clear reflection, and after such a reflection of the euro against the dollar weakness will continue. Such reflection should appear in the coming week. # # # If you are serious about generating a profitable Forex Signal go to http://www.forexmoneysignal.com and explore great Forex Signals End
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