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EUR/USD Forecast 23 Jun 16

Good day forex traders.

I mentioned of the significant supportive pressure around the 1.12 ish region. We should keep in mind that the general consensus is that the US economic recovery may not be as sustainable as desired.


Looking at the 4 hourly chart above of the EUR/USD, we do note that the currency pair has since climbed. It is now back where we started for the week, bringing thoughts of a possible weekly doji.

Concerns of a Britian exit from the European Union are not to be ignored. We must be ready for any unexpected currency movement.

Trade safely.

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