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 April 15, 2016.

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EUR/USD awaits another impetus

Pair's Outlook
EUR/USD pair fluctuated with no broad changes on Thursday, similar to those the same cross had posted back before Wednesday for eight consecutive days. The exchange rate is therefore currently guided by the weekly S2 at 1.1264, but the mid-term bearish focus is keeping eye on the 1.12 zone that is backed by the monthly pivot and weekly S3. Additionally, the 55-day SMA is sloping to the North near 1.1169 and will provide extra demand. Dips below here are unlikely over Friday, also because the indicators are predominantly long on the Euro.

Forecast and technical analysis EURUSD on April 14, 2016.

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EUR/USD falls to 1.1260 after bearish rally

Pair's Outlook
US fundamentals used to have little influence on the Dollar, because this currency continued to advance at the fastest daily pace since January. EUR/USD sank 112 pips and put an end to the eight-day long sideways development. It breached the weekly S1 and the 20-day SMA, thereby switching attention to the 1.12 mark that is backed by the monthly pivot and the last weekly demand line. An immediate failure below here is unlikely, given the approaching 55-day SMA at 1.1161. Long-term dips will have to be capped by the 200/100-day SMAs at 1.1053/30.

Forecast and technical analysis EURUSD on April 13, 2016.

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EUR/USD: another wide daily range with no results

Pair's Outlook
Eight consecutive days of neither bullish nor bearish advantage has only ended with emergence of a firm uptrend resistance line for the EUR/USD currency pair. It is now connecting the February high with local April peaks at 1.1460. Despite indecisive trading, it seems that the risks are skewing back to the downside. The key support area to watch is 1.1329/09, where the first weekly demand line is strengthened by the 20-day SMA. Success here would set eye on the 1.12 mark (monthly PP, weekly S3), followed by the March 24 low at 1.1143.

Forecast and technical analysis EURUSD on April 12, 2016.

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EUR/USD steady for eight consecutive day

Pair's Outlook
Since the first day of April the EUR/USD pair has been ending all trading sessions with no material change in its value, while the volume has been in a decline too. On Tuesday morning the conditions are similar, even though the cross is now hovering above 1.14. Thus, we keep our reasonably bullish bias and the mid-term caps should be found at 1.15 (October high). Daily technical indicators are positive as well. Any intraday losses, although they are less likely, will initially have to tackle the weekly pivot point at 1.1391.

Forecast and technical analysis EURUSD on April 7, 2016.

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Pair's Outlook
With mixed signals coming from the Federal Reserve, the EUR/USD currency pair continued to trade sideways on Wednesday. Intraday losses were extending down to the weekly pivot point at 1.1326, but the bulls returned the pair back to the 1.14 zone. Therefore, we have got four consecutive days with changes of less than 20 pips. The medium-term primary objective for the longs is still represented by the October peak and weekly R1 at 1.15. Alongside, the second testing of the weekly PP must be successful in order to affirm any serious bearish intentions.

Forecast and technical analysis EURUSD on April 6, 2016.

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Pair's Outlook
Yesterday the bears tried to take leadership over the EUR/USD currency pair, but all losses were ultimately eroded by revived bullish strength. Therefore, the cross keeps hovering around the February high at 1.1370, while getting ready for the release of FOMC meeting minutes later on Wednesday. A more hawkish surprise here will likely provoke a downshift in prices to the weekly pivot point at 1.1326, which is acting as the first immediate support line. However, aggregate daily technical studies are bullish and we are still not ruling out a spike towards the 1.15 area (Oct high; weekly R1).

Forecast and technical analysis EURUSD on April 5, 2016. EURUSD remains uplifted near February peak

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Pair's Outlook
The most traded FX cross refrained from kicking off a recovery in the direction of the 1.15 mark yesterday, as traders are waiting for the FOMC minutes tomorrow and maintaining the wait-and-see mode. Nevertheless, the medium-term projection is the same as 24 hours ago, as we see more upside risks to the price. The closest resistance is the October 2015 peak and the weekly R1. On the other hand, any decline under the weekly pivot at 1.1326 may potentially expose the pair to heavier losses in the direction of the 1.12 area (monthly PP/20-day SMA/weekly S1).

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