Get our ForexTrading strategies with our monthly & weekly forecast of currency pairs worth watching using support & resistance for the week of August 8, 2022.
For the month of August, I forecast that the EUR/USD currency pair will decline in value.I make no weekly forecast as last week saw no major counter-trend price movements over the week., with only 11% of all the important currency pairs or crosses moving by more than 1% in value.as there will be a release of very crucial US CPI data on Wednesday.
Last week was dominated by relative strength in the US Dollar, and relative weakness in the Japanese Yen.
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