Weekly Forex Overview: Fibs & Trend Lines

August 1, 2016

By Admiral Markets

EUR/USD is showing a strong bullish weekly momentum candle which offers a setup for a long but resistance and a bearish turn remain nearby. The GBP/USD and AUD/USD both have rate hikes this week and are in contracting triangle chart patterns whereas the USD/JPY is at a key 61.7 Fib and support trend line.

Article by Admiral Markets

Source: Weekly Forex Overview: Fibs & Trend Lines


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