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Weekly Forex Forecast
EURUSD continued its sideways movement below the 1.1450 resistance area last week. This has been the case since October 24, 2018. However, the 1.1300 area has been there to support the euro since late November of last year. In fact, the pair has carved higher lows since the 2018 low at 1.1215. I still think it’s going to take a close above wedge resistance that extends from the April 2018 high. I mentioned this falling wedge back on December 24th. You may be wondering about the false break on the 31st of December. According to some charts, EURUSD closed the session at 1.1466. Given that our key level was at 1.1450, ... (full story)
