EURUSD Trading Forecast Weeky

Big Week for USD, Can USD Resume Its Gain?

ERUSD keep continuing the bullish movement. According to weekly view the pair is moving in a range. It’s moving from the bottom of the range targeting to the top. Now the pair is near a support zone at 1.1300-70. It is expected the price may retest the area and a rejection from the area can make a short term bearish retracing movement targeting somewhere 1.1200. The Bullish movement can be compromised if the price beak the low at 1.1107 that can initiate a bearish movement targeting 1.1000 followed by 1.0910.

It’s a big week 12-16 June 2017, for USD in fundamental view. Forex Calendar is fill with high impact news, events. There are some FOMC events in this week and those will also indicate further strength of the pair.

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