Forex EUR USD Forecast

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

Forecast and technical analysis EURUSD on December 10, 2018.

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EURUSD: pair poised to drop from the upper line of the channel

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The majors showed mixed dynamics against the greenback last week. The Aussie shed 1.50%, while the Kiwi, loonie, and pound lost 0.31%, 0.27%, and 0.15% respectively. Posting an increase against the US dollar were the Swiss franc (+0.93%), the yen (+0.68%), and the euro (+0.66%).

Forecast and technical analysis EURUSD on December 06, 2018.

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EURUSD: pair expected to rise to 1.1391 in the first half of the day's trading

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On Wednesday EURUSD traded sideways within a 50-pip range. As the US session was closed, volumes were low and volatility was high. In the first half of the day's trading in Europe, the euro rose to 1.1361. Good news came from the strengthening of the pound and news on the progress in the negotiations between Rome and Brussels. Sellers used a thin market and followed in buyers' footsteps. With growth above 1.1320, buyers began to reenter long positions.

Forecast and technical analysis EURUSD on December 03, 2018.

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EURUSD: a drop is expected by close on Friday

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On Friday the 30th of November, trading on the euro closed down. The strengthening of USD was due in part to the anticipated meeting between the US President and the PRC Chairman during the G20 summit in Argentina. US President Trump tweeted that if negotiations reached a dead end, he would raise tariffs against China. This caused the rate to dip to 1.1306.

Forecast and technical analysis EURUSD on November 29, 2018.

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EURUSD: bulls trying to hold the line at around 1.14

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In Wednesday’s US session, the euro jumped sharply against the greenback. The US dollar index collapsed after Fed Chair Jerome Powell’s speech. He said that the key rate is “just below” the neutral level. This surprised investors given that just in early October, Powell had said that the rate is “a long way” from neutral. His remarks have increased speculation that the rate hike trajectory may now slow down.

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