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 October 09, 2018.

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EURUSD: euro hovering around the balance line

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On Monday the 8th of October, trading on the euro closed down against the dollar. The dollar made gains against most of the majors, although most of these gains were erased during the US session. With a bare economic calendar and holidays in the US and Canada, there wasn’t much to trade on. The US stock market was open, but the securities market was closed.

Forecast and technical analysis EURUSD on October 08, 2018.

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EURUSD: the euro has stabilised on the lb line

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Almost all major currencies showed a decline last week. The biggest decline against the US dollar was shown by the New Zealand dollar (-2.70%) and the Australian dollar (-2.41%). The following currencies recorded smaller declines: the Swiss franc (-1.01%), the euro (-0.72%), the Canadian dollar (-0.24%), and the Japanese yen (-0.02%). Only the British pound (+0.64%) rose in price. At the end of Friday, the main pairs showed mixed dynamics.

Forecast and technical analysis EURUSD on October 02, 2018.

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EURUSD: euro back on the decline

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On Monday the 1st of October, trading on the euro closed down. The rate rose to 1.1625 during the European session before dropping to 1.1564 in the US. I found the market’s behaviour confusing yesterday given that the euro dropped against the dollar on the back of positive news concerning Brexit, a rise in oil prices, and a drop in US10Y bond yields.

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