Forex

Weekly Forex Forecast (March 18

From dailypriceaction.com

I ended last week with a post about the indecisive EURUSD.

As uneventful as the last few months have been, this week could hold the key to a significant moment for the single currency.

As of Friday’s close, EURUSD is only 30 pips below a critical resistance level.

I’ve written about this falling wedge several times in recent weeks including last Tuesday, March the 12th.

As long as this resistance level is intact on a daily closing basis, sellers are in control.

However, if euro bulls manage a daily close above wedge resistance near 1.1340/50 this week, we will likely see the EURUSD turn higher.

Just remember, … (full story)

Source

neallesh@yahoo.co.uk

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