Forex Traders Eye Strong Gains on EUR/AUD and GBP/CAD Pairs

Forex traders are looking at several key opportunities this week, according to Trader Tom's Weekly Forex Forecast. The US dollar is expected to remain weak, making it a good time for sells on pairs involving the EUR and CAD.

The EUR/AUD sell signal is one of the most promising setups, with potential gains estimated around 120 pips. Another strong contender is the GBP/CAD pair, which could see significant price movements due to its high volatility.

Tom also highlights the importance of watching for key support and resistance levels in the market trends, as well as identifying potential pullbacks and trade entry conditions.