Weekly Technical Forecast: Dollar and Equities Lose Traction Ahead, Leaving Next Week's Break In Doubt
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The euro will start the week coming off resistance, keeping it amid the chop; tactical considerations outlined for both sides of the market.
European equities finally found a bit of support as US equities pulled back to close the week. Global stocks appear to be lining up for an interesting Q4 around-the-world.
The daily GBPUSD chart shows further upside possible but the four-hour chart warns that the recent uptrend may be broken and drag and caution is needed.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.