As we predicted earlier, both on Sunday and midweek, EUR/USD continues to decline, and we keep increasing profits in our accounts. We slightly reduced our position in AUD/NZD to increase the EUR/USD short; once the reversal becomes more apparent, we’ll add more longs. We’ve also added a long position on USD/JPY to our portfolio.
Next Week's Forecast:
- EUR/USD will continue to fall. We expect it to drop to at least 1.09-1.08.
- AUD/NZD is expected to rise next week.
- USD/JPY is also expected to rise next week.
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