Forex Market Technical Outlook Video for EURUSD and EURGBP

EURUSD and EURGBP weekly forecast for the week of August 14th

This week we are going to be looking at two Euro pairs markets.  EURUSD and EURGBP

On EURUSD

image of eurusd forex pair flagsThis coming week. I’m expecting price to continue to move up.  Right now we see price doing a small pullback in mists of the uptrend that it is in.  I’m expecting price to move down to demand zone at 1.1752 down to 1.16000 and to possible spend a couple of days here before moving up to retest the new highes. Price has been in an overall uptrend for the past few months and there is no end in sight.  We are seeing a nice pullback and I will be looking for a way to get onboard.

On EURGBP

image of eurgbp forex pair flagsThis week, Price is retesting 2013 highs at .90.72 price has tested these highs a few times over the past few years.  As price is in an uptrend coming into this area I believe that the high for a couple days ago will break and price will continue up.  However,  price is at an extreme right now.  For all you counter-trend traders out there, this maybe a nice area to try a counter trend trade as price is that the high.

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