WEEKLY FOREX COMMENTARY FOR APRIL 28th-MAY 3

Spread the love

NOTE -ALL CHART IS DAILY

EUR/USD

EUR/USD look set to retraced after last week bearish momentum. We are looking at price action projections at 1.11940 in short term, while 1.1329 in long time. The dominant trend is still bearish,we are disposed to bearish setup.

KEY RESISTANCE- 1.11940 and 1.13269

2- NZD/USD

NZD/USD retraced last week after initial bearish momentum.We are keenly watching 0.66845 zone for a bearish setup in the short term. A good setup at this zone may leads to an aggressive bearish moves down to 0.64644 zones.

3- GBP/USD

We are watching the support zones at 1.29606 for a bearish clues in the short term.

Near term support-1.27731

Leave a comment

Minimum 4 characters