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Weekly Forex Forecast for January 6 – 10, 2020

From dailypriceaction.com

{video} In this weekly Forex forecast, I’m going to show you exactly how I’m trading EURUSD, GBPUSD, USDJPY, EURJPY, and XAUUSD through January 10, 2020. The EURUSD tested a significant resistance area last week. I first discussed the descending channel resistance at 1.1200 back on September 6th when the pair was about to test the channel bottom near 1.0900. Based on the price action since early 2019, an eventual retest of the 1.1200 region seemed inevitable. As you can see, this 1.1200 area attracted sellers last week. The pair also fell back below the 1.1175 horizontal level, which means this 1.1175 to 1.1200 area ... (full story)

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  • Category: Technical Analysis