Open trading account
Friday euro was headed for a 10th straight loss against the USD.
The path for the euro doesn’t look much good in the short term, with an Italian referendum and mor monetary stimulus from the ECB.
For the next week forecast
EURUSD:
Bias: Bearish
The pair was downwards last week, going below the resistance 1.0600 (+-)
There is a possibility of further downwards movement
USDJPY:
Bias: Bullish
A strong bullish pattern as been confirmed
The outlook on JPY pairs remains bullish for this week .
GBPUSD:
Bias: Bearish
Underwent a vivid bearish correction, an action that has resulted in a bearish signal in the short and long terms.
Rallies would offer opportunities to go short at better prices.
The path for the euro doesn’t look much good in the short term, with an Italian referendum and mor monetary stimulus from the ECB.
For the next week forecast
EURUSD:
Bias: Bearish
The pair was downwards last week, going below the resistance 1.0600 (+-)
There is a possibility of further downwards movement
USDJPY:
Bias: Bullish
A strong bullish pattern as been confirmed
The outlook on JPY pairs remains bullish for this week .
GBPUSD:
Bias: Bearish
Underwent a vivid bearish correction, an action that has resulted in a bearish signal in the short and long terms.
Rallies would offer opportunities to go short at better prices.
