Check out this week's trading Support and Resistance: Forex Forecast
Last week, I forecasted that the EUR/NOK currency cross was likely to rise in value. Unfortunately, it fell by 0.76%. This week, I make no weekly forecast, as there were no unusually strong counter-trend price movements last week., with 59% of the most important currency pairs and crosses moving by more than 1% in value.as there are no major central bank releases due.
Last week was dominated by relative strength in the British Pound and the U.S. Dollar, and relative weakness in the Japanese Yen and the Australian Dollar.
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