Forex Chart Review and Forecast
Let’s review our Forex charts HERE, on, July 10th, 2018, in our Forex Signal and Forecast report, DXY did fall a bit yesterday but then regain some strength just to retest 94.50 area. We are still bearish on DXY and expect it to drop this week. We may have DXY in a new range which is inside of an old liquidity pool and we believe MM is building the book here in order to drop DXY later this month and August.
We didn’t see EURUSD close much higher yesterday either, we had a run up to 1.1750 area but then saw EURUSD drop down to around 1.1710 area with a retest of 1.1700. We are still bullish on EURUSD but we may find ourselves inside of a new range for EURUSD as well. We are looking for a long entry signal on EURUSD this morning that is currently at writing sitting at 1.1700, it is possible that it will spike down to 1.1685 and this is where we are looking to catch the edge (if we see the right signs).
Review our charts and follow them accordingly.
Play it careful and enjoy.