Weekly Trading Forecasts for Major Pairs (August 21 – August 25, 2017)

Here’s the market outlook for this week: Content courtesy of Tallinex Limited https://www.tallinex.com‌

EURUSD

Dominant bias: Bullish

The last 2 weeks have seen price move between the resistance line at 1.1850 and the support line at 1.1650, which has left the outlook neutral in the short term but bullish in the long term. Movement above 1.1850 will strengthen the current bias, but movement below 1.1650 will result in a bearish outlook – the latter being more likely due to expected weakness in the Euro this week.

USDCHF

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