Start the week of March 7, 2022 with our Forex forecast focusing on major currency pairs here. forextrading
The euro gapped lower at the open for the week, before turning around to fill the gap. Now that we have filled the gap, the euro has proceeded to fall rather significantly. Because of this, we have now cleared any doubts as to which direction we are going, andI do not like the idea of buying the euro until we can clear the 1.13 level.The British pound gapped lower to kick off the trading week, showing signs of risk aversion. The market turned around to fill that gap and then fell apart later on.
The market touched the 50 week EMA during the trading session on Friday, but I believe that the only reason the market did not fall towards the ¥150 level is that we closed for theAUD/USD
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