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I suggest that you check out currency news sites (such as www.fx360.com, www.dailyfx.com, or www.forexfactory.com) because they give a heads-up on upcoming high-impact economic reports. It would be wise to have an idea about these economic releases and the forecasts because sometimes technical analysis is not enough. There tends to be a lot of volatility during and after these releases so it's best to be aware. Some of these sites offer forecasts for the economic data so that could help with predicting how the market will react.

Author: HappyPip

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