| This week the ECB was more dovish, and the US employment report was solid and consistent with the trend. Those fundamentals should be supportive to the USD and send the EURUSD lower.
Technically, the price moved down in the week but ended the week with a late day squeeze toward technical analysis resistance near the 100 hour moving average. That moving average will be a “line in the sand” for bullish and bearish in next weeks trading. Watch this line for your trading clues. Visit ForexLive for real-time news, analysis and technical analysis of the forex market. http://www.forexlive.com/ SUBSCRIBE FOR FOREX VIDEOS EVERY DAY http://www.youtube.com/channel/UCpuHc… SUBSCRIBE TO OUR EMAIL LIST! http://forexlive.us7.list-manage.com/… LET’S CONNECT! Google+ ► https://plus.google.com/1026488501294… Facebook ► http://facebook.com/forexlive Twitter ► https://twitter.com/ForexLive Linkedin ► https://www.linkedin.com/company/fore… High Risk Warning: All news, opinions, research, data, or other information contained within this presentation are provided as general market commentary and do not constitute investment advice. ForexLive expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. |
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