USD Strength Testing Resistance First

April 10, 2017 09:17

EUR/USD is heading lower after breaking the sideways zone. It will now test the Keltner bands first of all, but Chris is expecting a bullish bounce and a potential head and shoulders pattern. GBP/USD is showing strong bearish momentum and a bearish breakout is likely to occur within the triangle. The USD/JPY is building a retracement: a bull flag on the daily chart but a retracement to the 50% Fib at 109.35 is likely to occur first before a bigger bullish bounce could take place.

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