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Hi there everyone, hope you are doing well!
Todays action in the FX markets was choppy, narrow and overlapping!
And because of that reason,
I am switching out to the alternate counts for EURUSD and GBPUSD.
We are just not getting the impulsive downside moves to validate the short term bearish view.
That is the biggest news of the day!
Apart from that,
the summer storms have hit us here at home,
and the rain is tumbling down!
which is a good thing,
it might calm the farmers down a bit after three weeks of sunshine!
Ok,
Down to business.
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UPCOMING RISK EVENTS:
USD: Core Retail Sales m/m, Retail Sales m/m.
EUR: Main Refinancing Rate, ECB Press Conference.
GBP: Retail Sales m/m.
JPY: Monetary Policy Statement, BOJ Policy Rate.
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