EURUSD GBPUSD USDJPY 🆓 Weekly Analysis [July 05

EURUSD GBPUSD USDJPY 🆓 Weekly Analysis [July 05 - July 12, 2021]

Published: Mon, 07/05/21

EUR/USD, GBP/USD, USD/JPY

Weekly Forex Analysis

(July 05 - July 12, 2021)

Hey! This is Philip with our new weekly outlook for EUR/USD, GBP/USD, and USD/JPY.

The text below contains only a short preview.

The Full Weekly Analysis Is Here

EURUSD Technical Analysis

The bears managed to take EURUSD to a new lower low last week, but were not able to hold it, and the pair is now back where it was two weeks ago, near 1.1850. Overall, not much has changed on the larger EURUSD picture, as shown on the weekly chart below.

The trend dynamics remain bearish, but support is not far either, initially found at 1.18 and the more important one at 1.1750. This, combined with Friday’s bounce, argues for a near-term correction higher that could take EURUSD toward the 1.20 key resistance zone.

A potential head and shoulders pattern is also emerging into focus on this chart. The neckline can be drawn by connecting the October and March lows, which projects the line’s current location toward the same 1.1750 support area noted above.

Get Ahead in Trading With Machine Learning & Artificial Intelligence
At Vantagepoint AI, we believe the financial system should be built to work for everyone. That's why we created a product that predicts market movements up to 3 days in advance, so you can be the first to strike when it matters most. Be on the right side, of the right market, at the right time. Click here to view our next FREE live demonstration of the A.I.
It's not magic. It's machine learning.

Full Weekly Forex Outlook

If you have any questions or feedback, don't hesitate to reply to this email.

Best Regards,
Philip
Senior Forex Manager
FX Trading Revolution
w: www.fxtradingrevolution.com

e: philip@fxtradingrevolution.com

P.S. Email providers such as Gmail and Yahoo! Mail sometimes place messages in different folders or tabs (often in the promotions tab). To ensure that all trade signals I send will end up in your (primary) inbox folder you can add my email address to your contacts list.

High Risk Warning: Please note that foreign exchange and other leveraged trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.

Any opinions, news, research, predictions, analyses, prices or other information contained in this newsletter is provided as general market commentary and does not constitute investment advice. FX Trading Revolution will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.

For full disclaimer, please visit following pages: Terms of Service & Privacy Policy.