#EURUSD forex trading weekly forecast June 18 2018

#EURUSD Strong bearish trend as long as the price will be below 1675 with 1510 & 1485 as targets in extension. Only a breakout above 1675 may extend rebound towards 1760 (very improbable). The better strategy is to hold short position or open new sell below 1626 stop 1690. A political crisis in Germany between #Merkel Chancellor and #Seehofer Interior Minister could trigger heavy fall for euro next week if #GrosseKoalition ending. Anyway, after the last #Draghi‘s super-dovish statement on June 14, a big economic divergence with the USA will drive #euro currency to further devaluation against the #dollar. #forexnews #forextrading #forexsignals #forex #politics #currency #economics

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