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 January 11, 2017.

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EURUSD: downwards trend continues

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On Wednesday the 10th of January, trading on the euro closed slightly up after Bloomberg landed a blow on the dollar during the European session. The news agency reported that China is planning to reduce or stop its purchases of US government bonds.

Forecast and technical analysis EURUSD on January 10, 2017.

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EURUSD: expect 1.19 to be tested

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Trading on the euro/dollar pair has closed down for the 3rd day in a row. This downwards correction comes to 173 pips. The euro has come under pressure after news from Japan (via the EURJPY cross), growth in US bond yields, as well as some technical factors.

Forecast and technical analysis EURUSD on January 08, 2017.

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EURUSD: double top forming on the daily timeframe

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Trading on our main pair opened 2018 up. On the 2nd of January, buyers pushed the rate up to 1.2081. With the technical analysis providing no threats, buyers showed the fighting spirit to push higher. Their target was the 1.2092 high from the 4th of September, 2017.

Forecast and technical analysis EURUSD on December 19, 2017.

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EURUSD: frozen at the balance line

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On Thursday the 14th of December, the ECB decided to maintain its key interest rate at 0.0% and the deposit rate at -0.4%. The euro/dollar pair jumped to 1.1863 after the publication of economic forecasts before dropping back to 1.1771 (-92) after Mario Draghi’s speech and the publication of US data.

Forecast and technical analysis EURUSD on December 18, 2017.

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EURUSD: frozen at the balance line

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On Thursday the 14th of December, the ECB decided to maintain its key interest rate at 0.0% and the deposit rate at -0.4%. The euro/dollar pair jumped to 1.1863 after the publication of economic forecasts before dropping back to 1.1771 (-92) after Mario Draghi’s speech and the publication of US data.

Forecast and technical analysis EURUSD on December 14, 2017.

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EURUSD: central bank heads to determine pair’s movements

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On Wednesday the 13th of December, trading on the euro/dollar pair closed 80 pips up. The single currency initially rose against the dollar from 1.1730 to 1.1771 (+41) after consumer inflation data in the US was published and then rose from 1.1771 to 1.1826 (+55) after the FOMC meeting.

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