Forecasting

Austria

EUR/USD is still testing the support at 1.1090 - 1.1080 but I think it will keep depreciating later this week.

EUR/USD found some support at 1.1075 but it's unclear for now whether it will bounce off from it.

EUR/USD has formed a hammer candlestick at the support at 1.1075 - 1.1080. It is quite likely that it will, indeed, bounce off from it.

EUR/USD also formed an inverted hammer at 1.1080, so even if the move north does not begin this week there will most likely be one next week.

USD/CAD reached 1.3170 and formed a rather impressive shooting star candlestick there on the daily time-frame, let's see whether that will be the end of the current rally.

EUR/USD could not break out below 1.1000 this week but considering how bearish the pair is that may still happen once the market opens on Monday.

The move north continues despite the shooting star candlestick at 1.3125, by the looks of it USD/CAD will soon reach 1.3200.

EUR/USD dropped to 1.1000 as I thought it would, I think it will break out below that level and continue depreciating toward 1.0980.

EUR/USD remains at 1.1000 and I think we will soon see a breakout below that level.