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Posted on Sep 10, 2019 at 09:51 AM
What are the key price zones to watch out for this week on USD pairs? Well let's find out, as we look at EUR/USD, USD/CAD, GBP/USD and EUR/JPY for this week.
Whatever happens between 1.1020 & 1.1035 may decide the next market direction. Watch this closely & trade the direction of a breakout from this price zone.
BIAS: Consolidation leading to BULLISH/BEARISH.
Selling to 1.3100 or lower. Join the bears in the profit rush now.
Following the BREXIT saga, we should expect to see bullish weakness on this pair. Follow th e news closely to trade this pair. If the USD comes out strong, sell all the way, otherwise, a break above major resistance of 1.2350 could fire a BUY rampage.
BIAS: Consolidation leading to BEARISH.
Extended weakness on JPY. Prepare to BUY short-term & SELL long-term.
BIAS: BULLISH leading to CONSOLIDATION
With these directions gathering momentum, are you going to be swinging, scalping or daytrading? Let's hear your thoughts in the comments section below.