August 20, 2014

Forex Forecast for Thursday (2014.8.21)

We've seen strong capital flows into USDJPY and out of EURUSD.

Bullish: USDJPY (Likely to break Higher High and hold a Higher Low)
Projected Daily Close: 103.37 to 104.07

Bearish: EURUSD (Likely to break a Lower Low and hold a Lower High)
Projected Daily Close: 1.3239 to 1.3289

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