Forex Chart Review and Forecast
Let’s review our Forex charts HERE, on, May 9th, 2018, in our Forex Signal and Forecast report, DXY did not climb higher yesterday and broke through support and have come down to 62 % Fib which coincides with a bullish order block. We expect to see DXY climb higher today and aim for 93.82; however, there is a short-term liquidity pool resting at 92.60 area and we may see a spike down to this area to pick up the liquidity pool. EURUSD did not drop further yesterday and bounced up on the EQ line to 1.8813 (50 % Fib), we believe that EURUSD might climb a bit higher up before dropping because of a short-term liquidity pool that is resting at 1.19053 which is right at 70.5 % Fib which we call the sweet spot for entries.
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.
Review our charts and follow them accordingly.
Play it careful and enjoy.