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Forex Forecast August 7th, 2017

News Review

Let’s start by reviewing our Forex economic calendar HERE,  we have FOMC speech and OPEC meeting today, it could yield some volatility today.

Chart Review

When we review our Forex charts HERE, we forecasted a big retracement on both DXY and EUR/USD on August 2nd, on August 4th it happened. We now see some hesitation on DXY and it might retest 93.00 level before continuing a retracement. This means that EUR/USD would climb (bullish) to retest the previous high, we are not sure this will happen so we will wait and see.

Review our charts and follow them accordingly.

Play it careful and enjoy.

DXY Forex Forecast August 7th, 2017. Trading signals with http://www.myownforex.guru/forex-signal-options/. Sign up for copy trader

DXY Forex Forecast August 7th, 2017. Trading signals with http://www.myownforex.guru/forex-signal-options/. Sign up for copy trader

EUR/USD Forex Forecast August 7th, 2017. Trading signals with http://www.myownforex.guru/forex-signal-options/. Sign up for copy trader

EUR/USD Forex Forecast August 7th, 2017. Trading signals with http://www.myownforex.guru/forex-signal-options/. Sign up for copy trader

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News Review Let’s start by reviewing our Forex economic calendar HERE,  we have FOMC speech and OPEC meeting today, it could yield some volatility today. Chart Review When we review our Forex charts HERE, we forecasted a big retracement on both DXY and EUR/USD on August 2nd, on August 4th it happened. We now see some hesitation on DXY and it might retest 93.00 level before continuing a retracement. This means that EUR/USD would climb (bullish) to retest the previous high, we are not sure this will happen so we will wait and see. Review our charts and follow them accordingly. Play…

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About Chris

Chris Wittusen started trading in early 90's, mainly in stocks but is now mainly trading in Forex (currency trading). He also manage a successful Forex group on Facebook, where he shares his knowledge to other people that want to learn more about how to trade in Forex. His technique still applies to both Forex and Stocks due to his style of naked chart trading along with box trading.
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