Weekly FX Price Action Outlook | Apr. 1st - 5th

price action dynamic resistance corrective rallies eurusd $eur euro 2ndskiesforex.com

The Euro still remains in a medium term downtrend, and has yet to close above the daily 20ema, along with the dynamic resistance above, but short term suggests some bullish underpinning which is fine with us. Until I get a daily close above the 20ema, I’ll look to sell on rallies and view this as an opportunity to short it on the cheap.  Thus, watch for corrective rallies between 1.2933 and 1.2951 to rejoin the downtrend, targeting 1.2775 and 1.2675.

WTI Crude Oil
On an impressive bull run for the the last month gaining over $8, there was no March of Ides as the pair relentlessly attacked the upside. The commodity is approaching critical resistance above at $98.00 though, …

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