Weekly Bars


Prepared by Jamie Saettele

The strong advance last week puts the bearish trend in question. The decline from 13861 is left as 2 equal waves, which is corrective. Multiple patterns could be unfolding from that level (triangle, flat or less likely at this point...an impulse). Trading above 13744 would put 13861 and then 14000 in focus.

Click here to see outlooks for the rest of the USD majors.

DailyFX provides forex news on the economic reports and political events that influence the currency market.
Learn currency trading with a free practice account and charts from FXCM.