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EURUSD weekly forecast

The EURUSD pair has caused more than one headache or two. And it has not reacted, yet, as many expected, on sale. Coming from an uptrend, it had its maximum at 1.2342 as we see in the graph, a value that it could not match on two occasions, creating lower highs than the previous one, marked with the red flags. We anticipate a decline to roughly 1.1865 looking for liquidity, then make a small pullback and continue its downward path. All this combined with the airs of stimulus to the USD makes us go short.

February 15-19

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