Forex Chart Review and Forecast
Let’s review our Forex charts HERE, on, July 11th, 2018, in our Forex Signal and Forecast report, we forecasted that EURUSD would become bullish, however, this didn’t happen and we had a drop down to 1.1650 which is at 50% of the range that we spoke about and we are now seeing some bullish candles. This is an area of a lot of accumulation and we need to hold here to see where our next move is, we still remain bullish on EURUSD and we believe that we are just a bit early in our bullish take on EURUSD.
We confirm this with looking at DXY that has come almost up to retest 95, there is a bearish order block level at 94.98 and DXY has come close to this level and we believe it is possible to see a bearish move on DXY which would result in a bullish move on EURUSD. Again, the range on both DXY and EUR is currently established but a break above or below range would show strength in market direction for the rest of the year.
Review our charts and follow them accordingly.
Play it careful and enjoy.