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Day: January 27, 2018
January 272018
Weekly Forex Technical Analysis (Jan 29 — Feb 2)
EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.1924 1.2069 1.2248 1.2393 1.2572 1.2717 1.2895 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.2077 1.2264 1.2401 1.2588 1.2725 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]
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January 272018
Dollar Remains Extremely Vulnerable, Falls vs. Major Rivals Over Week
The theme of a weak US dollar continued to dominate the Forex market this week as the currency remained vulnerable due to a range of factors. The week started positively for the greenback as the US government reopened after a shutdown. Yet that did not last long, and the currency slumped after US Treasury Secretary Steven Mnuchin suggested that a weak dollar would be beneficial to the US economy. President Donald Trump tried to soothe the reaction to the comments, […]
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