Hello Price Action Traders.
Eur/Usd is in a range bound move with no obvious trend and this is very visible on the daily chart. For the next week it will be interesting to see what price will do on one of the two lateral bands — 1.3200 area (area where we could look for selling forex trading signals) and 1.3000 area (area where we could look for buying forex trading signals). If the price were to break these day’s closing levels, we will be able to attend an upcoming trend movement so we could work through the typical “price action swings”.
Gbp/Usd is still in a short-term bullish trend. For next week I will look for forex trading signals if the price were to return to 1.5400/1.5370 area where is located the main support level. The primary resistance level remains the 1.5700 area.
Xau/Usd – Gold
Spot gold chart clearly shows that the price is in an area extremely important. On Friday, has formed a false break (one of my forex trading signals) of resistance at 1,486, 00 $. In the next few days if price were to break down 1,448 $ area could give bearish accelerations.
It’s all for today!
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