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A pretty busy trading week ahead for the major dollar pairs! Here are the catalysts and chart levels that I’m watching over the next couple of days.

1-Hour Charts of the Majors

Purple Line: weekly open prices (WO)
Blue Line: weekly highs and lows (PWH, PWL)
Red Line: top and bottom weekly ATRs (tWATR, bWATR)
Blue MA: 100 SMA
Red MA: 200 SMA

EUR/USD 1-hour Forex Chart
EUR/USD 1-hour Forex Chart

WO

PWH

PWL

tWATR

bWATR

1.0617

1.0678

1.0569

1.0693

1.0530

GBP/USD 1-hour Forex Chart
GBP/USD 1-hour Forex Chart

WO

PWH

PWL

tWATR

bWATR

1.2522

1.2407

1.2365

1.2636

1.2407

USD/JPY 1-hour Forex Chart
USD/JPY 1-hour Forex Chart

WO

PWH

PWL

tWATR

bWATR

108.76

111.58

108.54

109.89

107.56

USD/CHF 1-hour Forex Chart
USD/CHF 1-hour Forex Chart

WO

PWH

PWL

tWATR

bWATR

1.0034

1.0108

1.0008

1.0106

0.9968

Potential Catalysts:

1. Geopolitical concerns – Much like last week, all eyes will be on the U.S. as Trump moves his chess pieces against Syria and North Korea. Right now, potential trouble in the U.S. has kept investors away from the dollar and pushed them into the arms of the yen. It would be interesting to see just how much yen strength the BOJ can tolerate before they go back to jawboning like there’s no tomorrow!

2. US Treasury Secretary Mnuchin’s speech – Last week Trump weighed on the dollar after he shared that the dollar “is getting too strong” and that he prefers lower interest rates. Will Steven Mnuchin echo his sentiments? On Thursday at 5:15 pm GMT the Treasury Secretary is expected to make a speech at the Institute of International Finance Policy Summit in Washington. Watch out for signs of more jawboning!

3. Carney’s speech and the U.K. retail sales report – Just before Mnuchin takes center stage on Thursday, BOE’s Mark Carney will first head under the spotlight. But in case we don’t get anything juicy from the BOE’s head honcho, then we have the U.K.’s retail sales report on Friday at 8:30 am GMT to look forward to. Market players are expecting a 0.3% dip after a 1.4% increase in February, but make sure you stick around for any surprises!

Huck's Signature

P.S.: Remember to never risk more than 1% of a trading account on any single trade and to adjust position sizes accordingly. Create your own ideas and don’t follow what I do. Better yet, read the Risk Disclosure!

This content is strictly for informational purposes only and does not constitute as investment advice. Trading any financial market involves risk. Please read our Risk Disclosure to make sure you understand the risks involved.