Squawk / 17 September 2016 at 12:24 GMT
Senior Analyst / Tallinex.com
Saint Vincent and the Grenadines
Weekly Trading Forecasts on Major Pairs (September 19 - 23, 2016)

Dominant bias: Bearish
EUR/USD moved sideways last week, from Monday till Thursday, and then broke downwards by 85 pips on Friday. Had price failed to break downwards on Friday, the bias would have become neutral in the short-term. Now, the bias is bearish, and price might test the support lines at 1.1100 and 1.1050 this week. This bearish bias would be valid until the resistance line at 1.1300 is breached to the upside.

Dominant bias: Neutral
Although this pair trended upwards on Friday, September 16, the movement was not significant enough to cause a clear bias on the market. Price has tested the resistance level at 0.9800, and it has almost breached it.

Source: www.tallinex.com


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