Tag: weekly forex preview
ForexTeam traders are watching now for USD Index consolidation and rebound pattern to develop. At the end of July 2017 we can expect one more leg down to support level 93, it is the lower edge of the band 93-100, developed from 2015.
95.10 – is the next resistance target for rebound from 93 support level.
ForexTeam technical analysis in pictures)
Price behavior ahead of and after today’s key US macro news: US inflation figures. ForexTeam plan such scenario like on the picture below.
it is h0000t forex summer!
According ForexTeam technical analysis, for July 2017 USD Index pressed in price channel 96.90-95.10. Pay attention on this resistance / support levels.
If USD index goes up to 96.90, than we will sell EURUSD, GBPUSD and Gold and if USD index goes down to 95.10, than we will buy the same financial assets.
As we wrote
, we expected that earlier in our usd index weekly review will hold and bulls will “sucX”. As you all see, bulls “sucX”. resistance level 96.50
Let see how close the daily price today 😉
we compare GBPUSD and USD Index. If resistance level on USD Index (96.50) stops the bulls, it will be the case for GBPUSD to jumping up. Let’s go!