Forex EUR USD Forecast

Forex EUR USD Forecast - Daily published professional analytical forecasts for the main currency pair Market Forex: the EUR USD!

Trading plan EURUSD for 18.05.2018

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Friday starts stable on the currency market with minor movements among the main currencies. The focus is on the US-China trade negotiations, where chances of agreement are growing. The stock market is moderately optimistic: Shanghai Composite grows 0.3% and Nikkei 225 gains 0.4%. Gold is not going too far to $1,290 and WTI crude is consolidating at 71.60after it has turned back from the test of new highs at USD 72.25.

Forecast and technical analysis EURUSD on April 25, 2018.

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EURUSD: drop to the 45th degree likely

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On Tuesday the 24th of April, trading on the euro closed up, breaking its 3-day losing streak. The main factor behind the euro’s rise was the US dollar’s universal decline. As the market underwent a technical correction, participants ignored the positive US housing and consumer confidence data. The euro then corrected to the 45th degree at 1.2245.

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