Here is a look at the EUR/USD pair for the week ahead.
Currently @: 1.20466
Resistance line 1 @: 1.20840
Resistance line 2: 1.21900
buy stop @: 1.21100
buy stop TP @: 1.21600
sell stop @: 1.20300
sell stop TP 1 @: 1.20000
sell stop TP 2 @: 1.19600
We expect the EUR/USD to hit the resistance line 1 then bounce back to 1.20400, 1.20000, & 1.19500 which was hit last week.
DXY remains an uptrend regardless of the fall on Friday due to NFP. US 10Y is at its highest which should boost DXY in the coming week
Currently @: 1.20466
Resistance line 1 @: 1.20840
Resistance line 2: 1.21900
buy stop @: 1.21100
buy stop TP @: 1.21600
sell stop @: 1.20300
sell stop TP 1 @: 1.20000
sell stop TP 2 @: 1.19600
We expect the EUR/USD to hit the resistance line 1 then bounce back to 1.20400, 1.20000, & 1.19500 which was hit last week.
DXY remains an uptrend regardless of the fall on Friday due to NFP. US 10Y is at its highest which should boost DXY in the coming week