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  4. Weekly Forex Overview: US Dollar Strength

Weekly Forex Overview: US Dollar Strength

August 29, 2016 07:35

The EUR/USD showed a strong bearish bounce at the 61.8% Fibonacci level, which is part of larger contracting triangle. Chris is waiting for a retracement for more bearishness in the upcoming week. The same is valid for the AUD/USD and the GBP/USD where the Cable respected a resistance trend line and 78.6% Fib. The USD/JPY also bounced at major weekly support with strong bullish momentum.

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