Forex Chart Review and Forecast
Let’s review our Forex charts HERE, on, April 30th, 2018, in our Forex Signal and Forecast report, we forecasted that DXY would continue to reach for 92.20 and EURUSD would continue to push down toward 1.2000 and eventually 1.19639, our forecast was spot on again. This morning we can see that DXY is sitting at 92.24, which means the gap has been closed for DXY, now we expect it to push up to 93.02 to cash out a liquidity pool.
We see that EURUSD is almost at the first target of 1.2000, we expect it to continue down to that today and later this week hit 1.19639 which will close out the gap for EURUSD. We think it is possible to see EURUSD reach down to 1.18791 by the end of this week, where there is a liquidity pool resting, we will then look at a retracement from that area.
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.