ForexViking
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UR/USD - In general the sells won last week with a bullish spike knocking out anyone that didn't take profit.
On the technicals a bearish triangle forming/formed and maybe a bounce off the resisting MA.
Think we saw positive EUR news tip the balance against an uncertain USD which gave us a bullish spike.
I was a bit off in predicting EUR news to be a wet flannel but still managed to make gains through sells at start of the day.
Fundamentals appear quiet today so will be relying mainly on tech analysis
How do you think the pair is going to fair today? And for the week ahead?
On the technicals a bearish triangle forming/formed and maybe a bounce off the resisting MA.
Think we saw positive EUR news tip the balance against an uncertain USD which gave us a bullish spike.
I was a bit off in predicting EUR news to be a wet flannel but still managed to make gains through sells at start of the day.
Fundamentals appear quiet today so will be relying mainly on tech analysis
How do you think the pair is going to fair today? And for the week ahead?