Weekly Forex Analysis: EUR/USD, GBP/USD, AUD/USD and more [Video] – FXStreet

Zan Kotnik Zan Kotnik

Welcome to this weeks weekly forex forecast video where do the simple, but powerful top-down approach to identify trending forex pairs with clean price action and to find early entries with big enough targets using key support and resistance zones. Key to long-term trading success is risk-management and right trading mindset to control our emotions.
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EUR/USD is having a difficult time staging a recovery on Tuesday and continues to fluctuate near 1.0700. Although the data from the eurozone showed that the Sentix Investor Confidence improved to -15.8 in June from -22.6, the euro struggles to find demand amid risk aversion. 
GBPUSD is keeping the red below 1.2500, as bulls fail to cheer the UK PM Boris Johnson winning the confidence vote. The renewed US dollar strength and tepid risk tone are adding to the downside in cable. UK Final Services PMI eyed. 
Gold Price struggles to recall bulls as the metal eases back to $1,840, after a failed attempt to pause a two-day downtrend. Even so, the yellow metal remains unchanged on a daily basis heading into Tuesday’s European session.
Cardano price outperformed many altcoins in the last week of May. The volatility was due to the anticipation of the Vasil hard fork. The uptrend was real and as a result, ADA has produced a bullish pattern.
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