Weekly Trading Forecasts for Major Pairs (February 20 – 24, 2017)

Here’s the market outlook for this week: Content courtesy of Tallinex Limited https://www.tallinex.com

EURUSD

Dominant bias: Bearish

Price declined from Monday to Wednesday – slipping briefly below the support line at 1.0550 before rallying above the resistance line at 1.0650 and finally correcting lower on Friday. Further bearish movement is expected this week as price targets the support lines at 1.0550 (tested last week), 1.0500 and 1.0450.

USDCHF

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