Forex EUR USD Forecast

Forex EUR USD Forecast - Daily published professional analytical forecasts for the main currency pair Market Forex: the EUR USD!

Technical analysis of EURUSD for 23.04.2019

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EURUSD: with the Easter holidays over, expect a test of 1.1230

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On Monday the 22nd of April, trading on the euro closed slightly up. An upwards correction restored the pair to 1.1262. As the Easter holidays continued, currency markets got a boost from developments in the oil market. Brent oil rose by 3.5% to 74.50 USD per barrel. This surge was caused by reports that Washington is set to stop providing exemptions from Iranian oil sanctions. This news also pushed the Canadian dollar up, bringing a few other currencies with it.

Technical analysis Forex of EUR/USD for 13.03.2019

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EURUSD: bulls met with resistance around the 112th degree

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In 3 days, the bulls have recovered the losses incurred after the ECB meeting on the 7th of March. On Tuesday the 12th of March, the euro rose to 1.1305 against the dollar on the back of a rally on the EURGBP pair as well as a broadly weaker dollar following the release of US inflation data, which fell short of expectations.

Technical analysis Forex of EUR/USD for 07.03.2019

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EURUSD: markets awaiting Mario Draghi’s press conference

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On Thursday the 7th of March, trading on the euro closed 1 pip down. The day’s candlestick had a range of 39 pips. The drop to 1.1285 was brought about by rumours that the ECB is set to downgrade the Eurozone’s economic growth and inflation forecasts at today’s meeting and to start issuing new loans.

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