SpotEuro Forex Daily Outlook August 23, 2010

By Alex Katzmarck
23 August 2010 @ 02:23 am EDT

UNCERTAINTY REMAINS BUT BREAKOUT EXPECTED. Still very tough trading conditions as the markets continue to be range bound. Traders have been caught in several false breakouts over the past few weeks and now that August is coming to an end, we should expect to see better direction. With the euro closing lower on Friday and setting a lower low, we expect to see continuation in favor of the dollar.

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