The EUR/USD pair fell during a large portion of the week, but ended up rallying enough to form a supportive looking hammer which mirrors the hammer from the previous week. However, the week before that was a shooting star so the question is now who will win this next argument. I believe that longer-term traders … Continue reading EUR/USD forecast for the week of August 21, 2017, Technical Analysis
Investing.com - The Commodity Futures Trading Commission released its weekly Commitments of Traders report for the week ending August 15 on Friday.
The dollar gained traction and came off its lows following news that chief strategist Steve Bannon was pushed out of the White House. Bright Bart immediately tweeted out immediately “war” which does not bode well for the White House. Riskier assets got a boost, pushing U.S. stocks higher, which generated a minor relief rally. Technicals … Continue reading EUR/USD Daily Technical Analysis for August 21, 2017