Forex Chart Review and Forecast
Let’s review our Forex charts HERE, on, April 24th, 2018, in our Forex Signal and Forecast report, we talked about DXY possibly retrace down to 90.59, it didn’t quite make it there but got close, it turned at 90.71. EURUSD we predicted would retrace to 1.22431, it came to 1.22444 before it turned (that is close enough); we then talked about DXY heading towards 92.20 and EURUSD towards 1.19709, we can see this morning that our prediction is working and our forecast is spot on.
While neither pair has hit those levels yet, they are getting closer, DXY is sitting at 91.20 as we write this forecast and EURUSD is sitting at 1.21751; DXY broke through 91.01 which is a major level, we are now looking for it to push through 91.57, where we expect to see some hesitation. EURUSD should continue its bearish move as well, it will struggle a bit to break through 1.21760 but we believe it will eventually break through and close below this level today. We believe EURUSD will continue down and start heading into another hesitation zone at 1.20865 before heading down to close out the gap at 1.19709.
Forex News Review
In today’s Forex Forecast and Signals, we start by reviewing our Forex economic calendar HERE, listed below are the reports we believe can create some volatility today.
(if someone knows how to put a widget of an economic calendar here, please let me know)
Review our charts and follow them accordingly.
Play it careful and enjoy.