EURUSD - Bullish pin bar could lead to short-term retrace higher within downtrend
Here are some levels to watch for this week on the forex and gold markets.
Sellers are still clearly in control of this market and bearish momentum is persisting
EUR/USD should be sold on strength, GBP/USD awaits a move to key support, AUD/USD is bearish below 0.9460 and the 0.8600 area could be a buy signal for NZD/USD.
Keep a close eye on price as it nears the trading range support near 1.3500. If this level holds, we could see the market rise.
Here are some predictions based on technical charts.
EUR/USD continues gaining back lost ground, GBP/USD bullish trend continues, AUD/USD remains buoyant, USD/JPY weakens, approaching trading range support, Dow Jones futures market inside / pin bar combo setup
Here are some trading guidelines for the British pound, euro, Australian dollar, gold and crude oil.
The euro had been weak against the U.S. dollar but that appears to be changing.