NEW YORK ( TheStreet) -- Here are forecasts for this week on prices of some major currencies as well as gold based on technical patterns.
The EURUSD consolidated last week, basically going nowhere as it traded just above the near-term support at 1.3575 all week.
This market is in a rangebound/consolidation phase overall, and that means you can look for buy signals from key support and sell signals from key resistance.
If prices cannot muster a rally this week to key resistance near 1.3670, we could eventually see them rotate back down toward key support near the 1.3500 area.
Prices are choppy now and consolidating, and so you should wait for a clear signal from resistance near 1.3670 or support near 1.3500.