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 February 20, 2017.

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As today’s European session approaches, the EURUSD pair is trading at 1.2388 (-0.14%), so the euro has been slowly declining against the dollar since the end of last week. The US dollar index (DXY) has been given a boost thanks to the dollar’s rise on multiple pairs and is now trading at 89.23 (+0.17%).

Forecast and technical analysis EURUSD on February 19, 2017.

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As today’s European session approaches, the EURUSD pair is trading around the 1.2408 mark (+0.02%). This is almost the same level at which trading closed at the end of the US session on Friday. Today’s European session will pass without any major economic news. The US session will also be rather sluggish given that today is President’s Day and as such, banks will be closed.

Forecast and technical analysis EURUSD on February 15, 2017.

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Today, ahead of the European trading session, the single currency is trading at 1.2457 against the greenback, while the US dollar index (DXY) is at 88.82. This marks a rise of around 80 pips on the EURUSD pair over the last 24 hours, which is mostly the result of weak inflation and retail sales data from the US in January, both of which were published yesterday at 16:30 EET.

Forecast and technical analysis EURUSD on February 13, 2017.

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Today, as trading in Europe is soon to get underway; the single currency is trading at 1.2308 against the greenback, marking a modest rise of 0.16%. In the wake of these small gains, the US dollar index has slipped by 0.13% to trade at 89.89. The euro has been slowly rising against the dollar since it rebounded yesterday from the 1.2240.

Forecast and technical analysis EURUSD on February 09, 2017.

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EURUSD: buyers trying to induce a reversal

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On Thursday the 8th of February, trading on the euro closed slightly down. A low of 1.2212 was hit on the back of a sharp jump on the British pound and the collapse of the EURGBP cross following the conclusion of the Bank of England’s meeting.

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