EURUSD Reaches Target Area at 1.1300; Where to Next?

On August 9th I pointed out a resistance area on the EURUSD that was likely to attract an influx of selling pressure. The 1.1620 area was the location of former wedge support that held in late June and throughout July.

I also discussed this 1.1620 area in the August 5th weekly forecast. It didn¬ít…

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