Weekly FX Chart Outlook Nov 11-15
For the week ahead it is like digging out after what was not a normal trading week. So, use last week’s low/high as broad ranges (see below) that either have to narrow unless the USD highs are taken out.
Most at risk is EURUSD, which found support below 1.06 on 2 days but failure to hold 1.08+ on the retracement keeps a risk on 1.0665 and 1.0600 should the 1.0682 be broken.
Note weakness in EUR crosses (e.g. EURGBP) to end the weak added pressure on EURUSD while GBPUSD, for example, lagged.
Last week’s ranges
EURUSD 1.0682-1.0937
USDJPY 152,28-154.71
GBPUSD 1.2844-1.3047
USDCAD 1.3815-1.4958
AUDUSD 6512-6687
Weekly FX Chart Outlook Nov 11-15
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