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Weekly Forex Forecast (November 19 - 23, 2018)
I’ve gone from being quite bearish EURUSD to relatively bullish, all in the span of a week. I went into last week short the euro. The bearish rejection at 1.1430 resistance was enough for me to open a small short position. My target was 1.1130. However, the aggressive bounce on the 13th signaled there was quite a lot of demand below the 1.1300 handle. Upon seeing this, I decided to close my short. I still managed to clear just over 150 pips, so I can’t complain too much. Then on Thursday, I warned readers about being short EURUSD. The price action below 1.1300 and subsequent close back above it was indicative of ... (full story)