Sunday, July 29, 2018

First, a review of last week’s forecast:

- EUR/USD. The past seven days, like the previous one and a half months, did not bring any significant events, and the market is in a lazy-holiday mood because of that. The pair's volatility is 130 points, and the maximum deviation from the Pivot Point of the medium-range lateral channel (1.1660) is even less - only 90 points, after which the pair returns to the central zone. So it happened this time as well - at the end of the trading session, it froze at 1.1658;

- the GBP/USD pair also behaved weakly, gradually consolidating near the horizon of 1.3100. The range of British currency fluctuations was not much higher than that of the euro and amounted to only about 145 points. The pair finished the week at the level of 1.3102;



from MQL5: Traders' Blogs https://ift.tt/2OraZkD

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