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EUR/USD and GBP/USD Forecast June 1, 2018

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The Euro was rocked back and forth during the trading session on Thursday, as the United States announced fresh tariffs against the European Union consisting of 25% for steel, and 10% for aluminum. Ultimately, this is a market that has been in a downtrend anyway, and even though the Italians are starting to show signs of working together, this downtrend is significantly strong, and the fact that we formed a bit of a shooting star during the day doesn’t surprise me, as we desperately need some type of bounce. I think the 1.15 level will be targeted, and on a break of the lows for the session on Thursday, I think the sellers will jump in. I don’t know if we can break below 1.15, because quite frankly it is so structurally sound. If we did, that would be an extraordinarily negative sign in this market. more analysis at http://www.dailyforex.com
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Most Ess (3 months ago)
sometimes the market whispers what it's gonna do sometimes it screams hahahahahahah

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