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 EUR/USD for 02.04.2019

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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

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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.

Technical analysis of EURUSD for 20.03.2019

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EURUSD: pair caught on the balance line

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On Tuesday the 19th of March, trading on the euro closed up. If you ask me, it looks like the pair spent the day in a sideways trend. While the euro strengthened throughout the European session without any serious pullbacks, volatility was higher during the US session. Market participants are a bit shaky ahead of the upcoming Fed decision.

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