Weekly Forex Forecast
The result of Friday US GDP was better than expected, yet the Greenback is still an unsafe haven for the investor to trust.
On Friday release, the Sterling, Euro shots up nearing the upper limit of the pair range bound trading channels. But what happend this very next week.
In my opinion the Greenback or US Dollar will remain weak because of less demand as a safe haven currency.
Euro
Euro will probably break 1.4336 and go for 1.4719 which is the top limit in the range bound channel. But the sustain below 1.4336 will weaken the bullish trend.
Sterling
The Cable is just a few pips away from the 1.6743 the June 30 high, retracement is expected to happend before continuing its jurney up. Caution is advised.
On Friday release, the Sterling, Euro shots up nearing the upper limit of the pair range bound trading channels. But what happend this very next week.
In my opinion the Greenback or US Dollar will remain weak because of less demand as a safe haven currency.
Euro
Euro will probably break 1.4336 and go for 1.4719 which is the top limit in the range bound channel. But the sustain below 1.4336 will weaken the bullish trend.
Sterling
The Cable is just a few pips away from the 1.6743 the June 30 high, retracement is expected to happend before continuing its jurney up. Caution is advised.
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