Weekly Forex Forecast for August 31 – September 4, 2020

EURUSD bulls are still in charge as of last week’s close. As I mentioned to DPA members last week, I managed to get out of my EURUSD long from July 7th for a 500+ pip gain. I also shorted the EURUSD on the 19th and made just over 60 pips, and went long again following the August 24th session. I announced all of these entries to DPA members. For the week ahead, 1.1930 is resistance with a close above that opening the door to 1.2090. What happens near 1.1930 will dictate whether I add to my long position. Key support for the week ahead comes in at 1.1700. GBPUSD Technicals GBPUSD broke free from its consolidation … (full story)

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