EUR/USD Weekly Forecast October 29 – November 2

Although still able to maintain it’s uptrend on the weekly charts the eur/usd lost -120 pips on the week. EUR/USD Outlook The daily and 4 hour time frames are in downtrends and currently the 4 hour is setup for a nice short. Look for the lower trend line to be tested in the 1.2850 area to be tested and if that breaks for support (drawn in video) at the 1.2815 area. Let’s take a look at the charts in this week’s EUR/USD Outlook video. EUR/USD Analysis

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EUR/USD Weekly Forecast October 29 – November 2

AUD/USD Weekly Forecast October 29 – November 2

The AUD/USD first tested last week’s low without making a lower low and then was able to close up +60 pips on the week, however, without making a higher high. AUD/USD Outlook Stand aside on this pair during the opening of the week until a clearer picture is presented. The weekly is flat lining, while the daily and 4 hour charts are overbought with the uptrend. Don’t fight the trend but be cautious about buying at these levels. Let’s take a look at the charts in this week’s AUD/USD Outlook

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AUD/USD Weekly Forecast October 29 – November 2