Sunday Market Forecast | FXU 2/7/2021

Hey everyone!

I hope everyone has enjoyed their weekend and is ready for an exciting week in the markets!

Last week we started to see a nice impulsive finish to the end of the trading week. We can expect the momentum to continue to the downside.

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I am very JPY dominant this week and will be looking for a majority of sells on the yen pairs. I also am looking for a nice long position on the EUR but shorting the GBPJPY and GBPUSD based off EUR strength and GBP weakness. The US dollar index is shaping up for a continuation to the downside which will entitle us to go long on EUR pairs.

Be patient! Happy Trading!

Cody