Good day readers.
Weekly Trading Forecasts on Major Pairs (December 21 – 25, 2015)
EURUSD, USDCHF, GBPUSD, USDJPY, EURJPY
Here’s the market outlook for the week:
Dominant bias: Bullish
Although the dominant bias on this pair is bullish, the bias is seriously threatened. After testing the resistance line at 1.1050, the price went down by roughly 250 pips, almost reaching the support line at 1.0800.