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 June 29, 2018.

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EURUSD: euro strengthens on Tusk’s comments

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On Thursday the 28th of June, trading on the euro closed slightly up. A technical correction along with the general weakening of the dollar pushed the euro up. Softer rhetoric from the Trump administration towards China led to increased demand for risky assets. The euro later recovered from 1.1527 to 1.1600. The daily candlestick closed at 1.1568.

Trading plan Forex EURUSD for 28.06.2018

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USD sustains its strength from yesterday, although the volatility on Thursday does not knock down. Another day of the weakening of the Chinese yuan reminds that fears about US-China trade relations weigh on sentiment. EUR/USD stopped the decreases before 1.1540. USD/JPY made an unsuccessful attempt to break at 110. Today in the morning GBP/USD intensified the decline to 1.3070, although for no apparent reason.

Forecast and technical analysis EURUSD on June 27, 2018.

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EURUSD: Southerly movement is expected by close

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On Tuesday the 26th of June, trading on the euro closed down. Euro bulls lost all of the gains made following the surge witnessed yesterday. The strengthening of the USD forced buyers to lock in profits. As for the weakening of the single currency, I see more technical factors at play than fundamental ones.

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