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Forex Weekly Scenario
|Currency Pair||Analysis for the week-28th July to 1st August 2014|
|EUR/USD||Market should not go lower than 1.3360. After this move down it should go up to 1.3513 area.|
|GBP/USD||Support at 1.6969 or 1.6926 should hold the downside for a correction to above 1.7064 zone.|
It should be subject to more weakness towards 172.51. After which a correction to above 173.37 is anticipated. A break of 172.13 is bearish.
|GOLD||It should test 20.74 area after which a sell off down to 20.32 or extended to 19.92 area is expected.|
|AUD/USD||It is a triangle configuration. Market should break either side. Acceleration should occur above 0.9476 or under 0.9361 limits.|