Forex News: Weekly Forex Forecast (May 15 – 19, 2017)

After a second consecutive gap higher last week, the EURUSD slipped back below a trend line that extends from the February 2nd high.

At the moment that close back below the 1.0960 area stands as a false break following the May 7th run-off election in France.

Do you need a classical ORGANIST or an excellent music teacher? CALL Fabian on 08033983034 or email him at

Not only did the single currency give back the 1.0950/60 area, but it also retested 1.0860 last week.

This area previously offered several days of support between April 24th and the 28th.

Friday’s weaker than expected data out of the U.S. that included CPI and retail sales triggered more dollar weakness.

The timing couldn’t have been better for Euro bulls who were facing a fourth test of 1.0860.

Source: Daily Price Action

If you need current information on the forex market in nigeria and Authentic Pool information, then consider visiting this site again.

Nomie Autos Bonanza: get 30% discount on any car you buy; hurry, offer exists while stock lasts.
Follow us on twitter @newsbeatportal

learn how to make profit from your losing bets on nairabet, bet9ja, merrybet, surebet. 07030635051
Engage #SantexTech today to build & install inverters, training on inverters & other electronic designs, projects/kits. Call 08039574535

Click to join Talk Nigeria Today, a group where hot, controversial, and breathtaking issues are brainstormed upon.

Konga Verified Blogger

Leave a Reply