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Posted on Jul 25, 2021 at 11:04 PM
As we wrap up July and traders all over the world close up their books for the month, would you be closing your trades in profit or not? This last week will be a determiner and we have analyzed 4 pairs to help you end the month on a good note! Check out the key prices for this week and possible market direction below:
EUR/USD: Still descending in a tight range. A break above 1.1780 starts a bullish trend but if price breaks below 1.1760 support, then the Bears have their way.
GBP/USD: Price has recovered fully from the fall & is ranging. A break above 1.3780 continues the bullish recovery, else, a drop below 1.3715 takes the price down.
USD/CAD: Full recovery & ranging at that base. A break above 1.2605 can bring the bulls back, else, if price falls below 1.2540, the Bears continue down.
EUR/JPY: Ranging between 130.20 resistance & 129.50 support. Scalp this range & follow breakouts when they happen.
BIAS: CONSOLIDATION/ Breakout.
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