WEEKLY FOREX STRATEGIES | PRICE ACTION

Hello Price Action Traders.

Eur/Usd

The pair drove to the upside past week ending almost to 1.3000. This market is not so strong lately with directional volatility that can fool traders and short-term investors. Breaking upwards of 1.3070 can bring new bullish boosts to 1.3180, a very strong resistance area. From here we can expect a return of the bears in this market. Only a daily closing above 1.3200 confirmed by the next day can change this situation. Broken down to 1.2800 instead would, of course, pushes down to 1.2650.

 

Usd/Jpy

For the next week is interesting to wait the arrival of usd/jpy at 99.50 area. This area is clearly a point of support where we could find the bulls coming back in this market. Very simple … the only thing to do is to be patient and wait for a confirmation of the price action and its typical trading signals.

Eur/Chf

The pair is very close to levels where you can see trading signals to buy euros and sell Swiss francs. During the week ahead, if price will form a bullish trading signal on 1.2320/1.2380/1.2400 level would give the trigger for a negotiation with a good ratio between risk and reward.

 

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