I always correlate all of my analysis with EURUSD, USDCAD & DXY. If you notice all my ideas usually correlate and match up. From looking at the correlation this week it is very strong. Personally I will be looking to short EURUSD between 1.29300-129500.
Perfect week last week! Lets try to make it 2 in a row. As stated with my DXY analysis this matches up pretty closely which is a great sign. I expect price bounce off the monthly low with long continuation throughout the week. Be careful banks will usually move 20-50 pips beyond that level for stop outs if they need liquidation to go long.
If you already follow me you know I predicted USDCAD 100% accurate. I called every level to the T. Drawn is my weekly prediction. This week I expect the dollar to continue it's momentum short to test a key level and I do expect a rebound from that level. Do not fall into a bear trap.
Last week owned the Euro dollar and posted a few good ideas. Lets see if we can continue the streak. I will be looking for price to test this resistance but I do not expect it to break. We may have a short continuation from that point for the rest if the week and that is the set up in particular I will be looking for.