EUR/USD bullish, but not that much: while dollar's weakness is clear, further gains in the EUR are not, unless a clear break beyond 1.1460.

GBP/USD nearing a top, bearish sentiment persists: Pound upward potential seems limited, with the pair hardly seen above 1.5000 during the upcoming months.

USD/JPY mild bullish tone prevails, in spite of BOJ's inaction: the pair is seen nearing a probable bottom at 105.00, recovering towards 110.00 by the end of the quarter.

AUD/USD bearish sentiment increases: but price's slide expected to be shallow, with the pair set to hold above 0.7000.

EUR/JPY bearish pressure increases: but chances of a break below 120.00 are still seen limited.

EUR/USD Forecast: finally time for a breakout?

EURUSD chart

It was a bad week for the greenback, as there was not a single sign that the US has reverted the slowdown suffered late 2015. In fact, it seemed that things not only were worse during the first quarter of the year, but that the situation persisted through April.  View the Live chart of the EUR/USD US data released on Thursday showed that growth...



USD has come under relentless pressure

It has been another week where the USD has come under relentless pressure, with the FOMC midweek disappointing USD bulls who were looking for a little less dovishness...

Current Trading Positions

EURUSD Order Entry SL TP
Brian's Investment SELL LMT @1.1475 - 1.1433
Pattern Trapper BUY LI >1.1318 - -
USDJPY Order Entry SL TP
Pattern Trapper SELL LI <110.47 - -
AUDUSD Order Entry SL TP
First4Trading SELL LMT @0.7683 0.7723 0.7635
USDCAD Order Entry SL TP
Pattern Trapper SELL LI <1.2602 - -

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Most Traded Pairs Now

Pair Price Hour Day Week Month
USDJPY 106.72 -0.02 -1.28 -4.55 -5.31
EURUSD 1.1451 0.08 0.83 2.02 1.43
AUDUSD 0.7599 0.12 -0.45 -1.43 -0.38
GBPUSD 1.4603 0.08 -0.05 1.40 1.52
USDCAD 1.2549 -0.29 -0.02 -0.96 -4.02

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