Very important Forex update

Keep a close watch on EURUSD and NZDUSD as the pairs are trading near the key demand zone. Both pairs can bounce back sharply so be careful chasing the lows.

USDJPY strong move after breaking above key resistance 145 but probably needs a healthy pullback becasue we can expect BOJ intervention sooner rather than later.

Britsh pound remains the strongest currency pair of the week along with the king dollar. However, the dollar index hovers near the upper trendline and the 4-hr candle wicks show price rejection but wait for further confirmation.

As for EURSUD, I would say that the biggest that can grow would be 1.1 and after that a big bearish wave is what I expect.