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Day: July 15, 2017
July 152017
Weekly Forex Technical Analysis (Jul 17 — Jul 21)
EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.1276 1.1323 1.1395 1.1442 1.1514 1.1561 1.1633 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.1329 1.1407 1.1448 1.1526 1.1567 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]
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July 152017
US Dollar Ends Week Extremely Soft After Yellen Comments
The US dollar ended the week as the weakest major currency after Federal Reserve Chairwoman Janet Yellen made dovish comments, making speculators pare bets on an additional interest rate hike this year. Yellen said in her testimony that the pace of monetary tightening will be gradual. Moreover, she mentioned that interest rates are not far from the neutral level. Market participants considered the comments to be very […]
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