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Day: August 20, 2016
August 202016
Weekly Forex Technical Analysis (Aug 22 — Aug 26)
EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.0983 1.1068 1.1196 1.1281 1.1409 1.1494 1.1622 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.1079 1.1217 1.1292 1.1430 1.1505 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]
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August 202016
Week Ends with Losses for US Dollar as Policy Outlook Mixed
The US dollar continued to be driven mostly by monetary policy outlook during the past trading week. Unfortunately for the currency, the outlook was not particularly supportive, though it has changed a bit by the weekend. The dollar was rather soft for the most part of the week as most market participants remained skeptical about chances for the Federal Reserve to continue monetary tightening in the near future. Fed minutes released during the week were not helping […]
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