zone appears unlikely. EUR/USD: Neutral (since 21 Aug 18,.1485 EUR has likely moved into a consolidation phase. Ive written about this falling wedge several. Technical analysis shouldnt be overwhelming, and our. As of Fridays close, eurusd is only 30 pips below a critical resistance level. A further bearish sign is that the price is below its level of three months ago and of six months ago. Conclusion, it is probably unwise to take any long-term trades on a weekly basis in the current market. Price Action, LLC, connect With Me: Get 40 Off, lifetime Access to Justin's, forex.
AUD/USD: Neutral (since 13 Sep 18, spot.7170 AUD is expected to trade sideways. For lots more FX trades from major banks, sign up to eFXplus, by signing up for eFXplus via the link above, you are directly supporting.
Other weekly fundamental forecasts. Oil Forecast Crude Oil Price Outlook Clouded.
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However, there is truly no 3-month trend at all, and the price has broadly consolidated over the past several weeks, suggesting forecasting movement has become almost impossible. EUR/USD, the weekly chart below shows last week produced a large bearish engulfing candlestick which closed very near its low price following the previous weeks large bullish candlestick. Technical Analysis, written by experienced traders and professional market analysts, our. Not because its producing a plethora of favorable setups. The single currency is holding above key support.1215. The Brexit saga takes a break and US consumer confidence is in the limelight. For this reason, it may be wise to stand aside over the coming week. Community - Ends March 31st! There is no change to the view as highlighted on Wednesday (13 Mar, spot.7070) wherein AUD has moved into a consolidation phase and is expected to trade sideways in the coming days.