Weekly forecast for major pairs

EUR / USD

The Currency pair EUR/USD It’s been all over the place all week as we hit parity. However, we have held stubbornly in that area and therefore I think we are likely to see a small recovery (up) in the short term. The decision to buy the Euro or not is up to you, but I will wait for signs of exhaustion after the rally to start selling again. The main candidates will be at the level of 1.02 and then at the level of 1.04.

As long as the Fed continues to maintain tight monetary policy, I don’t care what the central bank does. After all, they will raise interest rates Soon, but so late that the euro will continue to suffer.

British Pounds / US Dollars

The sterling quote It also fell slightly over the course of the week, testing the 1.18 level. I think at this point we have also had some recovery in the British pound and may try to get back towards the 1.20 level, which is a big, round and psychologically important area. Next, level 1.22 is shown in the image. As with the Euro, I will look to the rallies to fade when the first signs of exhaustion appear. I’ll probably be sitting idly at the beginning of the week.

US dollar / Japanese yen

The US dollar is still overbought, and at this point, I think buying Currency pair US dollar / Japanese yen It is very dangerous. Yes, we can continue to rise, and one could argue that was true several months ago. However, we are so tired now that a file Risk/Reward Ratio In the market does not work. In terms of pullbacks, he might be a buyer, but I doubt he will be any time this week. Honestly, I’ll need to see more on the way back down to provide value. You can trade with the best forex brokers of 2022.

Australian dollar / US dollar

The Australian dollar also fell over the course of the week but also found a significant amount of support near the 0.67 region. At this point, I think the market will keep trying to go higher, but the 0.70 level should be The formidable barrier of resistance Which will be difficult to overcome in the short term. Find out the value of the AUD/USD pair today.

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