Forex EUR USD Forecast

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

FOREX EUR USD: Euro/Dollar: Euro Could Weaken Against Dollar Due to Fall in Euro/Pound Cross. 30 Decembre 2015.

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Yesterday’s Trading:
Tuesday’s trading saw the euro/dollar sticking to my forecast up to the American session. By the end of the day the euro had weakened against the dollar by 50 points to 1.0919. The euro bulls couldn’t manage to strengthen above 1.10. The price slid from the daily trend line. The euro fell following the pound when the euro/pound cross switched its path southbound.

FOREX EUR USD: Euro/Dollar: Buyers Readying to Storm 1.10. 29 Decembre 2015.

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Yesterday’s Trading:
The DXY on Monday sat in a 97.80 – 98.05 point range. The euro/dollar was consolidating in a 1.0955 – 1.0985 range. The ranges were narrow due a fall in trading volumes throughout the day. Many traders closed their positions before Christmas and this meant a fall in market liquidity.

FOREX EUR USD: Fails to overcome weekly PP. 24 Decembre 2015.

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Pair's Outlook
EUR/USD attempted to push itself below the weekly pivot point and monthly R1 around 1.09 on Wednesday. However, the bulls were strong enough in order to avoid a decline under this psychological level. Thursday is expected to be spent in a light trading around the 55-day SMA, currently at 1.0922, even though the market will be fully open throughout the whole day. Trading volumes continued to drop yesterday and reached the lowest level since November 26.

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