Weekly Forex Forecast for May 4 – 8, 2020
From dailypriceaction.com
In this weekly Forex forecast, I’m going to show you exactly how I’m trading EURUSD, GBPUSD, USDJPY, AUDUSD, and XAUUSD through May 8, 2020. The EURUSD gained ground last week after breaking above the 1.0890 level. It all started with the April 24th bounce from a multi-decade trend line that extends from the euro’s all-time lows. But despite last week’s rally, the EURUSD didn’t tell us much that we didn’t already know. We know the DXY (US dollar index) is range-bound, which has caused quite a lot of indecision across the FX market. I talk about this in the video above. It’s no surprise then to see the EURUSD ...
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