Forex EUR USD Forecast

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

Forex Forecast and Technical Analysis EURUSD on March, 16 2016

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Euro/Dollar Stabilised at 1.11 Before FOMC

Yesterday’s Trading:
On Tuesday the euro/dollar spent the day in a sideways trend with a 50 point range. The euro received support from the euro/pound which was up sharply after the publication of a survey by the Telegraph. The survey showed that 49% of those asked would like the UK to leave the EU, with 47% saying they would prefer to remain in the union. 823 people took part in the survey and it was held by telephone between 11th and 14th March of this year. The referendum is planned for 23rd June. Surveys are a decent instrument to manipulate exchange rates as results constantly change.

Forex Forecast and Technical Analysis EURUSD on February, 10 2016

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Expected Euro Weakening to 1.1256 Before Yellen Speaks

Yesterday’s Trading:
Falls in the stock and oil markets again offered support to the euro and yen. Brent fell to $30.26 and the euro/dollar fell to 1.1337. When the US indices stopped falling, a rally on the euro began: the euro weakened against the dollar to 1.1280.

Forex Forecast and Technical Analysis EURUSD on February, 03 2016

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Euro Ready to Pass 1.0950 Resistance

Yesterday’s Trading:
My Tuesday’s expectations came off in full. The euro/dollar fell one point short of the 1.0940 target. The falling stock indices and oil prices helped the euro strengthen. The European stock indices fell by 2% on average and the US ones fell from between 1.9% and 2.3%. Brent fell 4.5% to $32.50.

Forex Forecast and Technical Analysis EURUSD on February, 02 2016

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Expected Test of 1.0930/40

Yesterday’s Trading:
The euro/dollar slid to the balance line by at 1.0885 by American opening on Monday. After varying US data came out, the euro strengthened to 1.0912 against the dollar. The PMI and ISM in the manufacturing sector were in different directions. The PMI was down and the ISM was in line with forecasts, but December’s value was reassessed downwards.

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