Forex Chart Review and Forecast
Let’s review our Forex charts HERE, on, May 15th, 2018, in our Forex Signal and Forecast report, we stated yesterday that DXY would continue to push up toward 93.82, our forecast is spot on again. We now see DXY sitting at 93.60 and we believe we will see DXY hit 93.82 today and we believe DXY will push up to an old liquidity pool area that closes out at 94.48.
In our forecast yesterday, we stated we expected EURUSD to drop down to 1.18070, we were spot on and it actually pushed beyond that and is currently trading at 1.1767 which is an area we called out last month. We are now looking at EURUSD coming down and closing out an un-natural gap that needs closing, it will close out at 1.1612, which is also the high on EURUSD from May 2nd, 2016 and would act as support. We believe EURUSD will struggle at 1.1760/50 level but eventually break through.
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.