Euro-dollar rising market forecast! Ask Ultimate MAX/アルティメータ
Finally, the EUR/USD has closed above the weekly cloud.
Rumors suggest funds are flowing from the US dollar into the euro, truly
the EUR/USD currency pair has responded to these rumors with movement.
However, the market is becoming somewhat one-sided, so from here
it may be best to wait for a pullback.
The week was almost all up, but this rise came with temporary selling signals
and, from April, it rebounded sharply into a reversal trend.
↓ With the chart, along with another selling indicator, showing clear buy signals
you could have earned over 500 points just from trades on this chart!
At the weekend, North Korea fired one ballistic missile again near the central area of the North warehouse in the midlands
Tomorrow, in Tokyo, together with concerns about Trump, the North Korean issue may add to it
and there is a possibility of a start with a gap due to yen buying.
But crucially, President Trump will begin his first foreign trip on the 22nd
and from the 26th the G7 leaders' summit in Italy's Sicily is scheduled
to be held; he is planned to return on the 27th, so we do not expect major developments.
On the other hand, former FBI Director James Comey, who was dismissed by President Trump, is set to attend a Senate Intelligence Committee hearing after the 30th
and this will be his first public remarks since dismissal, so ahead of the hearing
there may be progress during Trump's first foreign trip...
As for USD/JPY, I have been noting it daily in my blog
“Currency Cues” blog
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