-
Weekly Forex Forecast (January 15 – 19, 2018)
Following a sluggish start last week, the EURUSD rallied 160 pips on Friday and took out the confluence of resistance at 1.2145/65. I mentioned this area on Friday as one that could attract some selling pressure. At first, the single currency did pullback from the 1.2150 area. But after flirting with resistance for several hours, Euro bulls went on a buying spree to close the pair at a new thirty six month high. While the 1.2145/65 area may hold as support this week, I have a couple of concerns. The first is that the break above resistance happened on a Friday when volume tends to be light. I don’t trust Friday ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Jan 14, 2018 3:10pm Jan 14, 2018 3:10pm
- Sanguis
- | Joined Oct 2011 | Status: Member | 2845 Comments
- Comment #2
- Quote
- Jan 14, 2018 3:17pm Jan 14, 2018 3:17pm
- Hareii
- Joined Jun 2011 | Status: Member | 840 Comments
- Comment #3
- Quote
- Jan 14, 2018 3:44pm Jan 14, 2018 3:44pm
- Sanguis
- | Joined Oct 2011 | Status: Member | 2845 Comments
- Comment #4
- Quote
- Jan 14, 2018 6:57pm Jan 14, 2018 6:57pm
- fxsport
- Joined Jul 2007 | Status: Member | 2661 Comments
...because you never know - until you do!