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Category Archives for Weekly Forex Forecast

Weekly Forex Forecast (November 12 – 16, 2018)

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EURUSD daily chart with support and resistance

On November 6th I wrote that the future direction for EURUSD hinged on 1.1430. You can see how the single currency has pivoted from this area in recent months. The very next day on November 7th, buyers took the price to a session high of 1.1500. But they failed to close the pair above 1.1430 […]

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Weekly Forex Forecast (November 5 – 9, 2018)

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EURUSD daily time frame

Despite being relatively choppy since June, the one thing I can say in favor of EURUSD is how the pair is respecting key levels. For instance, last week found our target at 1.1300 before bouncing back to the 1.1430 resistance level. As you can see, sellers also rejected the euro’s advance to keep the single […]

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Weekly Forex Forecast (October 29 – November 2, 2018)

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EURUSD daily time frame

EURUSD played out nicely for us last week. Not only did the pair encounter selling pressure at the 1.1530 resistance level on Monday, but sellers also cleared 1.1430 by the end of Wednesday’s session. Following that close, we were watching for a selling opportunity on a retest of 1.1430 as new resistance. The euro set […]

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Weekly Forex Forecast (October 22 – 26, 2018)

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EURUSD daily time frame

Three levels came into play last week for the EURUSD. First was resistance at 1.1620 which capped Tuesday’s rally. Then came the close below 1.1530 that exposed the 1.1430 support level I mentioned last Sunday. The final 48 hours of last week saw the euro trading in a 100 pip range between 1.1430 support and […]

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Weekly Forex Forecast (October 15 – 19, 2018)

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EURUSD daily time frame

The range-bound price action for EURUSD continued last week with the single currency closing back above 1.1530. Sellers managed to clear the level earlier this month, and it did hold as resistance for several days. However, Thursday’s close back above 1.1530 illustrated once more how indecisive EURUSD has become. It’s no surprise that buyers defended […]

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