Start the week of May 9, 2022 with our Forex forecast focusing on major currency pairs here.
The euro went back and forth last week as the 1.05 level continues to offer support. That being said,
The 1.05 level is an area where we have seen a lot of support underneath, and therefore I think we are looking at a situation where the market breaking down below there could kick off more selling, but I believe it will more likely than not be difficult to break through. if you are looking to capitalize on the weak Japanese yen trend, you may want to do it in other pairs
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Forex Forecast: Pairs in FocusGet the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of May 9, 2022 here.
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