Forecasts & Analysis | Currencies
EUR/USD Weakening as Downside Momentum Increases Following Monday’s Reversal Top
Look for the downside bias to continue into the close on Tuesday on a sustained move under 1.0366.
USD/JPY Forecast – US Dollar Continues to Test Support
The US dollar has fallen a bit against the Japanese yen, testing a major trend line. That being said, this is a situation where we have a lot of factors coming into the picture.
GBP/JPY Forecast – British Pound Noisy Against the Japanese Yen
The British pound has gone back and forth during the trading session on Tuesday, as we continue to dance around the 50-Day EMA.
EUR/USD Forecast – Euro Continues to Struggle for Direction
The euro has initially rallied during the trading session on Tuesday, testing the 200-Day EMA. That being said, the market looks as if it is still struggling overall to find momentum.