The EURUSD has rallied a bit during the course of the week to clear the parity level: Forex Forecast Trading
has rallied rather significantly over the past week to reach the ¥145 level. The ¥145 level is an area that obviously is psychologically important, but you should also keep in mind that the market can only go in one direction for so long. The US dollar is overbought, so I think we may get a little bit of a pullback during the course of this week.
67 level has been supported multiple times, so it does make a certain amount of sense that we would see a lot of noise in that general vicinity, and I think that will continue to be the theme going forward over the next several sessions: that we have a major support level underneath that will continue to cause buying pressure. If we were to break down below there, then the market is likely to go much lower. On the upside, I believe that the 0.
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