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Euro's test levels from 1.1420 this week by World-Signals.com

Discussion in 'Forex Discussions' started by World-Signals.com, Aug 21, 2016.

  1. World-Signals.com

    World-Signals.com New Member

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    The pressure for the US dollar will continue this week, although it will be weak and not so frequent. US Dollar will loose some of his price over the Euro's strong support.
    The main Dollar lost will be just in the beginning of this week and by the end, it will regain some influence again.
    The most important events witch will take place in the market’s movements are Germany's GBP on Wendsday, Jackson Hole Symposium in Thursday and Friday.
    This week's strategy of World-Signals.com will be to buy long positions in Monday and to exit at levels 1.1420 witch is the main resistance level.
     
  2. platinumtraderfx

    platinumtraderfx New Member

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    So should go long or go short on US Dollar in my Hotforex trading platform? I tend to open bearish position on Dollar because Yellen will probably stress on negative consequences of early rate hike..as always
     
  3. World-Signals.com

    World-Signals.com New Member

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    Long EUR/USD today. When you see trading at 1.1400 - 1.1420 we will recommend to close the position. Then if not breaks above 1.1420 you can open short position. This is the strategy for this week.
     
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