Check out this week's Trading Support and Resistance- Forex Trading FX Money Markets
Let us look at the relevant data of currency price changes and interest rates to date, which we compiled using a trade-weighted index of the major global currencies:For the month of February, I forecasted that the EUR/USD currency pair would rise in value.
Last week, I made no weekly forecast, as there were no unusually strong counter-trend price movements in the Forex market the previous week. The situation remains the same, so I again give no weekly forecast this week.Last week was dominated by relative strength in the US Dollar, and relative weakness in the Japanese Yen.
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