ForexSQ - Long Term Forex Forecasts on EUR/USD


Master Trader
Jan 11, 2011
Forex Forecast on EUR/USD
The weekly EUR/USD chart shows that we have been in consolidation for several weeks, between the 1.3750 and 1.3750 areas after a break and a retest of a larger trend line. Even though the pair has been very bullish recently, it has not “officially” changed overall trend from being down.

Forex Forecast on USD/JPY

The Dollar-Yen pair has been in a major downtrend since the financial crisis hit. This previous week hasn’t been any different. However, we are in the confines of the recent consolidation area of 80-84. Any break below the 80 handle will be extremely bearish for this pair....Full Forex News at : Pairs /forex-forecast-long-term-fx-forecasts-on-eurusd-and-usdjpy/