Forex Friday the 31st March

Το έχουμε κουράσει λίγο έτσι…..;
March 31, 2017
Forex Monday the 3rd of April
April 3, 2017

Good day to all, back again with our 2nd weekly view on major forex pairs and the Dollar index. After a short-term bullish reversal in the Dollar index, I believe we are close to another trend reversal. Dollar is close to completing the bounce off 98.84 and is expected to push lower towards 97-96 over the coming weeks. This means strength in EURUSD mainly.

The Dollar index is expected to get rejected at the Ichimoku cloud and reverse. EURUSD is expected to hold above the cloud and bounce strongly upwards above 1.08-1.09 over the coming weeks.

More forex pairs analysis in the comments section below. Thank you for taking the time to catch up on my thinking.



Alexandros Yfantis
Alexandros Yfantis
Fascinated by financial markets, studied International Securities Investment and Banking in the UK, works as a Portfolio Manager in Greece and runs a technical analysis website. Enjoys travelling and spending time with his family and preparing for the black belt in Korean Karate.