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 September 05, 2018.

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EURUSD: bulls trying to turn the tide

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On Tuesday the 4th of September, trading on the EURUSD pair closed slightly down, although the rate dropped as far as 1.1530 during the US session. The pair hit a new low after a strong ISM manufacturing PMI report for the US. The index came out at its highest since 2004. The value for August was 61.3 against a forecast of 57.6 and a previous reading of 58.1.

Forecast and technical analysis EURUSD on August 30, 2018.

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EURUSD: euro bulls recovered their losses with some help from the pound

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On Wednesday the 29th of August, trading on the euro closed up despite falling during the first half of the day. The main driver for the pair’s growth was an increased appetite for risk among investors, as well as a decline on the dollar which was brought about by a sharp rise on the British pound.

Forecast and technical analysis EURUSD on August 29, 2018.

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EURUSD: bulls quickly recovering their losses on the back of an increased appetite for risk

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On Tuesday the 27th of August, trading on the EURUSD pair closed up. Volatility was high across all of yesterday’s trading sessions. In Asia, the bears tried to reverse the upwards trend, but ran out of steam after a couple of hours. The pair then recovered from 1.1663 to 1.1700. The euro then rose further to 1.1734 on the back of a broadly weaker dollar and rising crosses.

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