FX Traders’ weekly EURUSD technical picture per Indexes, EURUSD monthly, weekly, daily charts. See Part 2 On The Fundamentals, And How They’ll Decide The Coming Medium Term Breakout From Recent Range Trading
The following is a partial summary of the conclusions from the fxempire.com  fxempire.com ’ meeting in which we cover outlooks for the major pairs for the coming week and beyond.
Summary
- Per Weekly Stock Indexes: Â Medium term risk appetite still supportive of the EURUSD, but weakening.
- EURUSD Monthly Technical Outlook: Conflicted -Bearish Wedge, Strong Resistance Versus Bullish Momentum-Fundamentals Suggest Bearish Resolution
- EURUSD Weekly Chart Outlook: Bullish Upward Momentum Vs. Bearish Weakening Momentum And Strong Resistance At 1.40
- EURUSD Daily Technical Outlook: Tight Range Trade With More Upside Than Downside Likely This WeekÂ
TECHNICAL OUTLOOK
First we look at overall risk appetite as portrayed by our sample of global indexes, because the EURUSD has been tracking these fairly well recently.
Overall Risk Appetite Per Weekly Charts Of Leading Global Stock Indexes
Most indexes recouped most or all of the prior week’s losses. In other words, support held. As we predicted last week, so far we’ve just a minor normal bull market pullback in risk appetite.
EURUSD WEEKLY OUTLOOK PART 1: TECHNICAL PICTURE – More Upside Potential This Week, However…
Weekly Charts Of Large Cap Global Indexes With 10 Week/200 Day EMA [DATES] In Red: LEFT COLUMN TOP TO BOTTOM: S&P 500, DJ 30, FTSE 100, MIDDLE: CAC 40, DJ EUR 50, DAX 30, RIGHT: HANG SENG, MSCI TAIWAN, NIKKEI 225
Key For S&P 500, DJ EUR 50, Nikkei 225 Weekly Chart: 10 Week EMA Dark Blue, 20 WEEK EMA Yellow, 50 WEEK EMA Red, 100 WEEK EMA Light Blue, 200 WEEK EMA Violet, DOUBLE BOLLINGER® BANDS: Normal 2 Standard Deviations Green, 1 Standard Deviation Orange.
Source: MetaQuotes Software Corp, www.fxempire.com, www.thesensibleguidetoforex.com
16 Apr. 18 18.33
Index Weekly Charts Key Points: Support Holds, Uptrends Intact But Losing Momentum: Still Bullish
