Check out this week's Pairs in Focus - trading forextrading
has gone back and forth during the trading week, as we continue to test the 50-Week EMA. At this point, it looks like there’s a lot of choppiness and indecision, and I think that continues to be the case going forward. If we break down below the last couple of weeks, then it’s possible that we could go down to the 1.03 level.
. In the short term, I think we could probably go back and forth, but I still favor the downside as Jerome Powell has made it clear that the Federal Reserve is going to remain tight for some time, and perhaps even tighten interest rates quicker than people originally thought.has gone back and forth during the course of the trading week to show signs of hesitation, but we did dip a little bit lower during the week.
That being said, we are near a major support level for the US dollar against the Swiss franc, so I would not be surprised at all to see this market bounce for the week.Ready to trade our
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