Forex Chart Review and Forecast
Let’s review our Forex charts HERE, on, July 13th, 2018, in our Forex Signal and Forecast report, DXY is still sitting around equilibrium (50%) but there is a consolidation going on, basically, traders are getting trapped by smaller highs and smaller lows. This setup is sometimes referred to as a spring, it is getting compressed and eventually, there is a run to one side and we believe it will be bearish.
We see the same pattern on EURUSD, a spring-like pattern where price is getting compressed. We believe we will see the spring expand and fast to the upside (bullish) on EURUSD very soon.
Forex News Review
In today’s Forex Forecast and Signals, we start by reviewing our Forex economic calendar HERE
Review our charts and follow them accordingly.
Play it careful and enjoy.