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 07, 2019.

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EURUSD: correction expected, followed by a further drop

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On Wednesday the 6th of February, trading on the euro closed down. The euro’s decline was brought about by a broadly stronger dollar across the global Forex market, along with a jump in US10Y bond yields. Bond yields didn’t close the day up, but the growth that did occur led to the opening of long positions on the dollar. During the European session, the euro corrected to 1.1399, before dropping to 1.1361 during trading in the US.

Forecast and technical analysis EURUSD on February 06, 2019.

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EURUSD: pair continues to head south

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On Tuesday the 5th of February, trading on the euro closed down. The pair recommenced its decline as trading opened in Europe, with the drop gathering pace in the US session. By the end of the European session, the euro had dropped to 1.1401 against the dollar despite a disappointing services PMI report in the US.

Forecast and technical analysis EURUSD on February 05, 2019.

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EURUSD: downtrend on the euro continues

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On Monday the 4th of February, trading on the euro closed down. In the US session, the dollar made gains against all the majors on the back of a rise in US10Y bond yields. Traders and investors clearly took positives from the US jobs report on Friday. Growth on the dollar was tempered, however, by disappointing figures for US factory orders. Factory orders fell by 0.6% in November against a forecasted rise of 0.3%. Since this data was for November, the reaction to it was relatively weak. The euro subsequently dropped to 1.1424.

Forecast and technical analysis EURUSD on February 04, 2019.

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EURUSD: bears trying to gain take control in the Asian session

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Most of the major currencies demonstrated growth against the US dollar last week. These included the Aussie dollar (+0.94%), the Canadian dollar (+0.89%), the Kiwi dollar (+0.75%), the euro (+0.42%), and the Japanese yen (+0.01%). The only currencies to lose out were the Swiss franc (-0.22%) and the British pound (-0.93%).

Forecast and technical analysis EURUSD on February 01, 2019.

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EURUSD: bulls dealt a blow by Weidmann

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On Thursday the 31st of January, the euro pared nearly all the gains it made it the aftermath of the FOMC meeting. The pair suffered a sharp drop on the back of comments made by Bundesbank President Jens Weidmann. He said that the German economic growth rate will be significantly slower than the 1.5% predicted leading into 2019. The euro dropped to 1.1436 in response to these remarks.

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