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EURUSD consolidate already 5-weeks at 1.12
Category: Forex Forecasts & Signals
Posted by World-Signals.com on June 24, 2017 at 04:36 AM
EURUSD could not find a clear direction already 5-weeks. The process of consolidation continues at levels of 1.12. It is waiting for a key event that would move the market into new direction.
The consolidation process may continue next week with slightly movements within the trading range of 1.1110 and 1.1290. The events that are important for the last week of June are U.S. Durable orders on Monday and GDP report on Thursday.
World-Signals.com trading strategy during the week is trading within the trading range. We will use the support and resistance levels to open long and short positions. If the trading breaks below the support level we are ready for short positions. The chances for short positions below the support level are lower than break above the resistance level.

GoForecasts.com set new target for GBP/USD
Category: Forex Forecasts & Signals
Posted by GoForecasts.com on June 19, 2017 at 09:58 AM
The new target for GBP/USD is 1.2690. The current trading level is at 1.2760. The target is valid for the next 48-hours.

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GoForecasts.com set new target for USD/JPY
Category: Forex Forecasts & Signals
Posted by GoForecasts.com on June 8, 2017 at 06:37 AM
The new target for USD/JPY is at 110.70. The current trading level is at 110.03. The target is valid for the next 24-hours.

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EURUSD is in consolidation till Friday Nonfarm payroll report
Category: Forex Forecasts & Signals
Posted by World-Signals.com on May 28, 2017 at 11:55 AM
This week start with a holiday in United States - Memorial Day. But the focus on Monday is at 13:00 GMT ECB President Draghi's Speech.
EURUSD trading in the last week is almost flat and in consolidation process of 1.1150-1.1260. The Euro lost the initiatives to gain against the dollar as the consolidation process may continue till Friday when is the one of the most important data from United States. At 8:30 AM Eastern Time on Friday expects the important Nonfarm Payrolls and Unemployment rate.
The next key events this week are on Wednesday Fed's Beige Book and ISM Index.
World-Signals.com trading strategy this week is to trade into a consolidation line 1.11-1.13 and expect Friday's data for a new direction of EURUSD.

GoForecasts.com set new target for USD/JPY
Category: Forex Forecasts & Signals
Posted by GoForecasts.com on May 17, 2017 at 09:06 AM
Although that USD/JPY moves more than 200 pips in the last 2-days GoForecasts.com expects to see USD/JPY at levels of 110.70 in the next two days. Next week the trading target is below 110.00.

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