Weekly Forex Forecast (September 10 – 14, 2018)

On Friday, I explained how the EURUSD has been indecisive but technically sound. In other words, there’s no clear directional bias, but the pair is respecting support and resistance areas.

In last Sunday’s forecast, I pointed out support at 1.1530. I also highlighted the 1.1640/50 resistance area…

Gains Ahead of the Weekend Lift Dollar’s Technical Tone

The US dollar rose against the major currencies last week. The sole exception was the Swedish krona. More than a third of its 1.15% weekly advance was recorded ahead of the weekend in what appeared to be position-squaring ahead of the September 9 election.

The Dollar Index rose 0.25% last we…