A month ago on April 26th, I forecasted the following:

“Over the next few weeks, we will most likely see the EUR/USD swinging between (1.5300-1.5500) to (1.5800-1.5900). ”

As you can now see, the EUR/USD moved down to the 1.5300 level on May 8th and is now at the 1.5800 level as of May 23rd. As you can read in my article posted a month ago, I thought the EUR/USD was going to swing a bit more due to the past EUR strength, but sure enough, it made this expected swing.

I’m hoping that this analysis helps others with trades and the analysis of the Foreign Currency Market.

-LattePips