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US Dollar Price Action Setups into FOMC: EUR/USD, GBP/USD, USD/CAD, Gold

From forex.com

It was a big week for the US Dollar in the headlines and the data front, although it may not be as visible on the weekly chart at this point. There were three items from the economic calendar that really stuck out to me, and I think that’ll have some bearing on price action next week as we move into the FOMC meeting on Wednesday. The week began with a disappointing manufacturing PMI report, which gave bears a sizable push down to support. That support was between April and May swing lows, spanning from 103.88 up to 104.08. And then on Wednesday, we saw the services PMI report come out very hot and well-above ... (full story)

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  • Category: Technical Analysis