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Good day forex traders and readers.
In the previous EUR/USD forecast we noted that the currency pair was bullish and an extended target would be the upper bollinger band. An area of caution would be any risk aversion should the tapering of the quantitative easing by the US Federal Reserve be started.
Looking at the EUR/USD daily chart above we note that the currency pair did achieve our extended bullish target. Congratulations to the readers that achieved it too.
The price action for the week was somewhat muted with the EUR/USD receiving significant bearish pressure. We will probably see more bearish defenders covering the resistance of 1.36.
continue on to TheGeekKnows.com for the fundamental analysis of the EUR/USD Forecast Weekly Review to understand more about the underlying market sentiments.
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