Weekly Forex Commentary

Weekly Forex Commentary- 11/2/2014

EUR/USD: EUR/USD seems to have resumed the downtrend after hitting resistance at 1.28640-1.28670 level. But it is still at the support level at 1.25200. You need to wait for a price action pattern to form before jumping into this pair. If a breakout happens with a price action pattern in congruence with the downtrend, it may be a good signal to enter the market.     USD/JPY: USD/JPY hit a very big breakout before the close on last Friday but that does not mean you should blindly jump in. although this pair does not show any resistance but price action…
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