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Weekly forecast Euro / US Dollar technical chart
Symbol EURUSD

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Trading suggestion:

DateAugust 26, 2012 - 16:10
Currentuptrend
Forecastresumption of downtrend

Midterm forecast:

  • The current trend is uptrend but the forecast is resumption of downtrend.

Technical analysis:

  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 60.

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