07 Oct Weekly Forex Forecast
EURUSD: This may be the most important month of trading for the U.S. Dollar in 2018. Between the last FOMC announcement on September 26 and the next statement on November 8, the U.S. Dollar has plenty of catalysts for its next big move higher or lower.
This period includes two U.S. employment reports, the U.S. mid-term elections, ongoing Brexit negotiations, trade wars and the normal slate of economic releases.
NZDCAD is testing its major support on higher time frames,we expecting a possible strong break of the current structure or a double bottom and then sharp rallies, so either way we looking for longs on this market.
Last week in GBPUSD the price made it to our first target and then we got a bounce from there. As we move forward with the pound for next week, we are looking at a heightened risk of the setup failing or being corrective. With the BREXIT negotiation.
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