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 EURUSD: Euro on the Rebound Due to ECB Meeting Expectations. January, 21 2016

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Yesterday’s Trading:
My Wednesday expectations for the euro came off in full. The U-turn for the euro/pound after UK stats came out piled pressure on the euro/dollar. The rate fell to 1.0890 despite the fall in the US stock indices. Negative US stats also couldn’t change how the cards were being played as the ECB meeting and Draghi speaking approaches.

Forex Forecast EURUSD: Euro Trying to Break Daily Trend Line. January, 20 2016

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Yesterday’s Trading:
Tuesday’s trading in the States closed with the euro/dollar at 1.0858. The euro dropped to this level due to stock indices and oil prices rising. The euro strengthened during the American session because of oil and a sharp U-turn for the euro/pound after the Bank of England’s governor Carney gave a speech. He noted that the UK economy is weak and that now is not the time to raise interest rates. The pound crumbled against the dollar with his words by a total of 150 points. The euro/dollar had risen to 1.0938 by the end of the day.

Forex Forecast EURUSD: Euro Could Return to 1.0930. January, 15 2016.

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Yesterday’s Trading:
The euro/dollar on Thursday formed a spike. The strengthening of the euro to 1.0942 was caused by Reuters and a fall in European stock indices. Reuters relayed that the majority of ECB representatives are against a further loosening of monetary policy and at that moment the stock indices were trading down by 2-3%.

Forex Forecast EURUSD: Euro/Dollar Readying for Return to 1.0877. January, 13 2016.

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Yesterday’s Trading:
Yesterday the GBP fell throughout the market and forced the euro bulls to drop to 1.0819. The UK industrial manufacturing index fell to a three year low. Other key currencies followed the pound downwards. After trading closed in Europe, the euro/dollar returned to the LB at 1.0877.

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