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 March 28, 2018.

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EURUSD: expecting the downwards correction to intensify to reach 1.2350

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On Tuesday the 27th of March, trading on the EURUSD pair closed down. The euro retreated to 1.2373 against a broadly resurgent dollar. This growth for the dollar was largely down to technical factors as well as an easing in tensions over the trade dispute between the US and China.

Forecast and technical analysis EURUSD on March 27, 2018.

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EURUSD: symmetrical triangle on the hourly timeframe

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On Monday the 26th of March, trading on the EURUSD pair closed up. The rally began during the European session with a rise in European stock indices and American futures. Investors got a boost from reports that the US and China have started trade negotiations.

Forecast and technical analysis EURUSD on March 26, 2018.

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EURUSD: rebound from the trend line

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On Friday the 23rd of March, trading on the euro closed up. The euro rose against the dollar to reach 1.2372. The catalyst for this movement was the greenback’s decline along with a retreat to safe haven assets (gold, yen, franc) on the back of an escalation in rhetoric over trade between the US and China. US10Y bond yields dropped from 2.85% to 2.80%.

Forecast and technical analysis EURUSD on March 23, 2018.

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EURUSD: wide-ranged flat on the hourly timeframe

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On Thursday the 22nd of March, trading on the euro closed down. The rate dropped to 1.2285 during the European session. The single currency was pushed down by a multitude of factors, including a drop in German bond yields, the EURGBP cross, and weak German and Eurozone data.

Forecast and technical analysis EURUSD on March 21, 2018.

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EURUSD: pair corrects ahead of FOMC decision

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On Tuesday the 20th of March, trading on the EURUSD pair closed down. The euro was driven down by weak data from Germany and the Eurozone, as well as a broadly resurgent dollar in light of a rise in US bond yields and a collective adjustment of positions in anticipation of the FOMC meeting.

Forecast and technical analysis EURUSD on March 20, 2018.

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EURUSD: return to the balance point would be nice after a phase of growth

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On Monday the 19th of March, trading on the dollar closed down. As the dollar declined across the board, the euro recovered to 1.2356. The British pound was a driving force on the currency market yesterday as it strengthened against the dollar following news that a transitional deal has been reached on Britain’s exit from the EU, including a solution to the Irish border issue. The pound rose against the dollar very quickly, while the euro rose only after the reversal on the EURGBP pair occurred.

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