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Posted on Feb 01, 2021 at 10:17 AM
This week's technical forecast is for you if you want to make between 50 - 200 pips, we have analysed 4 forex majors that can earn you 50 pips each. Check out the key prices and get in now to make the most of it.
EUR/USD: 1.2120 is a key price level for this week. A break below 1.2110 should provide sell opportunities & otherwise, we may see bullish moves from above 1.2145.
GBP/USD: Heavily consolidating. Watch to trade between 1.3750 Resistance & 1.3650 Support before any breakout.
USD/CAD: Finally settling at 1.2800 Resistance & 1.2755 minor Support region where we can scalp before watching for a breakout.
EUR/JPY: A pullback to 126.75 before Buy resumes, otherwise, a sharp drop below 126.50 is a full bearish signal to Sell.
BIAS: Bullish Continuation/REVERSAL.
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