Weekly Forex Market Update & Key Levels April 20 – 24th

WEEKLY FOREX UPDATE

EURUSD – This currency pair has appeared to make a double bottom pattern off it’s yearly lows. However, the fundamentals are still bearish and one can expect a breakdown in price at the 1.1037 resistance level. If price reaches that level look for price action setups to go short.

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AUDUSD – This currency pair will also be facing resistance above at 0.8043 and its long term trend is still bearish. Look for shorting opportunities at the resistance level to profit from.

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Chris Ferreira

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