Weekly Forex Market Update & Key Levels June 22 – 26th

WEEKLY FOREX UPDATE

EURUSD – The Euro once again is battling much indecision in the week ahead from the drama of the Euro zone and Greece. I would expect more sideways price action if not deal is made this week. However, the Euro is facing an important resistance zone at around 1.1467 USDJPY – The Dollar is pulling…

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Forex Inside Bar Trading

In this article we will be discussing the inside bar price action formations. Inside bars are great indicators on what the market is trying to communicate to us. An inside bar is a bar that has completely been overtaken by the previous bar (including the wicks of the candles); they are fairly common patterns seen…

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Weekly Forex Market Update & Key Levels June 15 – 19th

WEEKLY FOREX UPDATE

EURUSD – The Greeks are looking for their debt to be forgiven, however, that will mean someone will need to take a loss on their investment. Which is most likely not going to happen. Even if Greece receives another bail out from the ECB, this would only delay the inevitable default. Greece has no way…

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Weekly Forex Market Update & Key Levels June 8 – 12th

WEEKLY FOREX UPDATE

EURUSD – The Euro broke through our resistance line we discussed last week and had a bounce off the 1.10455 level  from a pullback. This may suggest the Euro could go higher this week. A re-test of the 1.1500 level remains to be seen. AUDUSD – The Aussie dollar had a volatile week, and currently…

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