Simultaneous Release at
Good day forex traders.
I hope everyone is having a great weekend. Been having a lack of sleep due to my work commitments. Weekend is the only time to catch up on that! Do you get enough sleep on a daily basis?
In the previous forex forecast review of the EUR/USD, we noted that both SMAs were flat and that indicated uncertainty. Fundamentally we noted that the job market in the US might be cooling and the budget deficit woes continued to plague the euro zone.
Looking at the EUR/USD chart above, the currency pair ended the trading week near previous week’s close.
SMA 20 = flat
SMA 50 = flat
Both SMAs remain flat suggesting no significant push either ways. This was reflected this week since the currency pair closed the week almost flat. Both regions of 1.3 and 1.32 are probable support and resistance.
Complete the review!
Continue on to TheGeekKnows.com for the fundamental analysis of the EUR/USD Forex Forecast Weekly Review to understand more about the underlying market sentiments
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Technical analysis for precious metals with major support and resistance levels and recommendations for 18-08-2009