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


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

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 of EURUSD for 15.04.2019


EURUSD: Monday is correction day

Last week, the major currencies all gained ground against the US dollar, except for the safe havens. The Aussie dollar gained 0.97% against the greenback, while the euro rose by 0.75%, the Kiwi dollar by 0.44%, the Canadian dollar by 0.42%, and the pound by 0.32%. The yen, on the other hand, shed 0.27%, with the Swiss franc losing 0.23%.

Technical analysis of EUR/USD for 02.04.2019


The EUR/USD pair has been capped during the pull-back at the level of 1.1249, which is a technical resistance for the bulls. Then the price reversed quickly and went down towards the level of support at 1.1210 and broke below it. The new low was made at the level of 1.1195, but it still does not look like the final low for the price as the target is still seen at the level of 1.1176 - technical support and a swing low.

Technical analysis of EUR/USD for 22.03.2019


The EUR/USD pair has broken above the technical resistance zone between the levels of 1.1406 - 1.1419, but reversed suddenly and tested the local technical support at the level of 1.1361 with a low at 1.1343. The momentum remains positive, but the market conditions are now overbought and if there is no impulsive move higher above the level of 1.1447, the bears might take the control over the market and push the prices lower again. The next technical support is seen at the level of 1.1294.


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