After analysing eurusd pair using trendline and geometrically, the probable direction for this pair will be to the downside for nextweek nov 10 onward.
What do you think ?
Ulas Valas]]>
The forex trading forecast for the U.K. pound calls for a measure of stability for now. Sterling is seeing some strength in currency trading right now, as the MPC tries to reassure markets after yesterday's interest rate cut.
Another factor helping sterling in currency trading right now is the fact that risk appetite is making a cautious appearance as hopes are kindled for the economic stimulus bill in the U.S. and the dollar pulls back. Action Forex reports on the forex trading forecast for the U.K. pound:
Markets will not be confident that rates have reached their lowest point, but there will be speculation over a period of stability. The UK currency also gained some support from an improvement in risk appetite.