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 Forex of EUR/USD for 07.03.2019

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EURUSD: markets awaiting Mario Draghi’s press conference

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On Thursday the 7th of March, trading on the euro closed 1 pip down. The day’s candlestick had a range of 39 pips. The drop to 1.1285 was brought about by rumours that the ECB is set to downgrade the Eurozone’s economic growth and inflation forecasts at today’s meeting and to start issuing new loans.

Technical analysis Forex of EUR/USD for 06.03.2019

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EURUSD: euro under pressure ahead of the ECB meeting

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On Tuesday the 5th of March, trading on the euro closed down. The rebound from 1.1316 didn’t come to pass. The bulls defended 1.1320 for 6 hours before giving way. The pair then dropped to 1.1290. The euro slid against the dollar on the back of positive US data (ISM non-manufacturing index and new home sales).

Technical analysis Forex of EUR/USD for 28.02.2019

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EURUSD: sitting on the trend line

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On Wednesday the 27th of February, trading on the euro closed down. The bulls couldn’t make it past the sell wall at 1.1403. The euro slumped to 1.1362 against the dollar. The trend line and balance line both provided support. The drop was brought about by a sharp rise in US10Y bond yields from 2.631% to 2.6987%.

Technical analysis Forex of EUR/USD for 20.02.2019

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EURUSD: new upwards channel forming

On Tuesday the 19th of February, trading on the EURUSD pair started from 1.1310. It dropped to 1.1275 by midday before undergoing a sharp upwards reversal to reach our target of 1.1341. It then pressed on to hit 1.1355 before retreating to close the day below the newly broken resistance. The level to which the pair corrected (1.1341) is, first of all, the intraday high from the 13th of February, and secondly, it coincides with the 38.2% Fibonacci level of the decline from 1.1514 to 1.1233.

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