-
Weekly Forex Forecast (June 24 - 28, 2019)
EURUSD put in a significant reversal at the end of last week. Shorts became trapped below 1.1260, and as soon as the level was reclaimed, the euro took off to new monthly highs. These traps have become a theme for the EURUSD in 2019. It’s why I keep cautioning readers about trading the EURUSD during this choppy and somewhat unpredictable price action. For now, a return to the 1.1260 area will likely attract buyers while a test of the 1.1410 area is likely to encounter selling pressure. But again, be careful trading EURUSD while the pair is below its year-to-date high. The GBPUSD looks ready to reverse this week. ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Jun 23, 2019 7:32pm Jun 23, 2019 7:32pm
- DonFF
- | Commercial Member | Joined Nov 2014 | 1969 Comments
- Comment #2
- Quote
- Jun 23, 2019 8:59pm Jun 23, 2019 8:59pm
- VeeGlance
- | Joined Jul 2018 | Status: Junior Member | 1 Comment
- Comment #3
- Quote
- Jun 24, 2019 5:10am Jun 24, 2019 5:10am
- Guest
- | IP XXX.XX.85.193