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EUR/USD forecast for the week of August 15, 2016, Technical Analysis

By
Christopher Lewis
Published: Aug 13, 2016, 05:52 GMT+00:00

The EUR/USD pair at a slightly positive we, but basically at this point in time looks like it’s ready to go back and forth and do nothing. Because of

EUR/USD weekly chart, August 15, 2016

The EUR/USD pair at a slightly positive we, but basically at this point in time looks like it’s ready to go back and forth and do nothing. Because of this, I’m on the sidelines and while I don’t see any particular trade on a short-term chart, I definitely don’t see it on this longer-term charts. With that being the case, I remain on the sidelines and probably will for a while. This is probably one of the more dangerous markets, simply because there are so many moving pieces, and of course concerns on both sides.

About the Author

Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.

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