Bearish bias for the week.
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| EUR vs USD W1 |
This is the weekly chart of EUR vs USD. Price did violate support and last week formed an Indecision Candle inside the previous one. The upper wick shows rejection of the previous support level. I am not keen on trading this asset. I want to see a test of the black horizontal line or better a test of the green rectangle. These are my target areas to look for setups.
XAU vs USD
Mixed signal.
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| XAU vs USD W1 |
This is the weekly chart of Gold. Price is at an interesting level. We are now at a decision point. A violation below the green zone is bearish. A bullish weekly close would be signs of strenght. I need to reevaluate at the end of the week. We may see interesting moves soon.
EUR vs JPY
Mixed singal.
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| EUR vs JPY W1 |
This is the weekly chart of EUR vs JPY. Price appears to top out. The trend is bullish, however the bulls appear to run out of steam. We may see a correction of the last leg up.
I hope you enjoy the weekly setups. If you have any questions or feedback. please leave them in the comments section below.
Happy trading,
TT
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