Forex Chart Review and Forecast
Let’s review our Forex charts HERE, on, May 10th, 2018, in our Forex Signal and Forecast report, in our forecast last Thursday we stated we would see a push down to 92.60 area, that’s exactly what happened. On Friday, DXY continued down and is now near 200 MA and 92.20 which is where we expect DXY to start showing signs of becoming bullish again and set aim for 93.82. We talked about EURUSD coming up a bit more on our Forecast last Thursday, this was spot on, we are now looking left and we can see an area that is indicating that EURUSD will become bearish. When we look at fib we see that 1.27 profit taking has happened, we may see a test of 1.20 are before it drops but we believe we are looking at a short opportunity on EURUSD today.
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.