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 August 16, 2018.

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EURUSD: technical setup on the euro favours the bears

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On Wednesday the 15th of August, trading on the euro closed slightly up. On the back of some partial profit-taking following the pair’s recent collapse, the pair has now recovered from 1.1301 to 1.1345. The Turkish lira has stabilised at around 6 lira to the US dollar, which, along with the downwards correction on the dollar in response to the drop in US bond yields, has provided the euro with a boost.

Forecast and technical analysis EURUSD on August 15, 2018.

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EURUSD: pair technically ready for a correction

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On Tuesday the 14th of August, trading on the euro closed down. After a correction to 1.1429 during US trading, the EURUSD pair dropped to 1.1320. The euro lost ground against the dollar despite the fact that the Turkish lira has stabilised. The lira gained 11% against the dollar.

Trading plan Forex for 15.08.2018

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Both European and American stock market investors ended yesterday in minor moods. Today the situation looks a bit different. In Europe, we watched the mixed closing of the trading session. The growth was made by companies from Belgium, Poland and Hungary, while declines were recorded on the French, Italian and Spanish stock exchanges. The situation is much better in the case of the US stock market.

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