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Weekly Forex Forecast: DXY remains under pressure after breaking below 104.60, with key support near 104.00 and 103.40. EUR/USD tests resistance around 1.0890–1.0900—watch for a breakout above 1.0900 to fuel gains toward 1.1000 or a rejection leading to a pullback. GBP/USD and USD/JPY demand careful monitoring of central bank cues and risk sentiment to gauge directional bias. Stay tuned for key levels and market-moving events this week.
— Analysis by Justin Bennett at Forex Factory

Weekly Forex Forecast:
The US Dollar Index (DXY) shows resilience supported by persistent inflation and cautious Fed signals, holding key support near 102.00. Resistance lies at 104.00–105.00 if hawkish cues emerge. EUR/USD faces downward pressure amid ECB’s dovish stance versus Fed’s relative hawkishness, with support at 1.0720 and resistance near 1.0820. GBP/USD and USD/JPY remain sensitive to global growth concerns and central bank policies. Watch upcoming inflation data and Fed/ECB commentary for directional clues.
Source: ForexFactory.com | Author: Justin McQueen

Weekly Forex Forecast by Justin Bennett | Credit: ForexFactory.com

As traders digest recent U.S. data and await key central bank decisions, the DXY remains pivotal. The index holds above 105.00, eyeing resistance near 106.00, with support around 104.30. EUR/USD tests minor support near 1.0770; a break below 1.0700 could signal further downside. GBP/USD and USD/JPY await cues from Fed/ECB guidance. Watch for volatility around inflation releases and FOMC statements this week.

Last week’s Federal Reserve, ECB, and BoE meetings confirmed no near-term rate cuts, fueling US dollar strength and euro weakness.
– **DXY** reclaimed 105.00; watch resistance at 106.00–106.50 for breakout potential.
– **EUR/USD** dropped below 1.0800; support at 1.0700 critical to hold.
– **GBP/USD** faces pressure with BoE’s cautious tone; key levels near 1.2300.
– **USD/JPY** steadied above 145.00 amid risk sentiment swings.
Follow Justin Bennett’s analysis on Forex Factory for detailed setups and market context going into the new week.

Weekly Forex Forecast: DXY remains range-bound, eyes on Fed policy and inflation data as resistance near 105.50 holds. EUR/USD tests support around 1.0650 amid ECB rate cut bets and moderating Eurozone inflation. GBP/USD looks poised near 1.25 support ahead of UK GDP and labor data, with BoE rate decision in focus. USD/JPY faces resistance near 146 amid mixed BOJ signals and US yield trends. Key data and central bank guidance to set the tone this week.

Weekly Forex Forecast by Justin Bennett:
The US Dollar Index (DXY) remains bullish but faces strong resistance near 106.10; a break above could extend gains toward 107.00, while support holds at 104.60. EUR/USD tests key support between 1.0720–1.0740 after falling below 1.0800, signaling downside risk if the dollar stays firm. GBP/USD approaches critical support around 1.2300; failure to hold may lead to further declines. USD/JPY looks to sustain levels above 139.00 amid mixed signals but remains influenced by DXY trends. Traders should monitor resistance and support clusters closely for next directional clarity.

Weekly Forex Forecast:
DXY sustained support near 103.50, eyeing resistance at 105.00–105.30 amid mixed US data and cautious Fed outlook. EUR/USD testing 1.0700 support with ECB hints at easing; watch German IFO and eurozone CPI. GBP/USD vulnerable below 1.2250 as BoE signals patience; UK GDP data key. USD/JPY stuck in range, awaiting BoJ commentary and US inflation updates. Market poised for volatility; fundamentals and technicals point to key decision zones ahead.

The US Dollar Index (DXY) showed early strength post-Fed’s hawkish tone but softened amid mixed US data and improved risk sentiment. EUR/USD recovered from lows near 1.0675, eyeing resistance at 1.0800 amid ECB cautiousness and political noise. GBP/USD remains rangebound, with Brexit uncertainty and UK data in focus. USD/JPY trades quietly as markets await BoJ signals. Key releases and central bank comments this week will shape near-term moves across these majors. Stay tuned.

EUR/USD remains supported by the February trend line, highlighting steady buying interest near recent lows. However, the 1.1830 level continues to act as a key resistance barrier. A decisive daily close above this zone is needed to confirm bullish momentum; failure to hold the trend line could open the door for further downside. Traders should watch these levels closely for clues on the pair’s next directional move. Analysis by Justin Bennett at dailypriceaction.com.

EURUSD found crucial support at its February trend line, preventing a sharper decline, but 1.1830 remains the key resistance level to watch. A decisive break above 1.1830 would signal bullish momentum, while failure here could send the pair back toward the trend line and lower levels.