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: Short-term Trading Idea FX EUR/USD. 7 Decembre 2015.

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Short-term Trading Idea FX EUR/USD – Bull Speculation: Renewal as Part of a Correction

Trading opportunities for currency pair: the euro/dollar jumped from 1.0518 after the ECB meeting and Draghi’s press conference. The euro/dollar and euro/pound on the weekly have formed a double bottom. The euro bulls won’t have the wind knocked out of them that easily. As things stand, there are two outcomes; the main one is the formation of an upward triangle with a 1.1178 target. When the euro closes below 1.0807, this triangle scenario will be off the cards and instead a different scenario with a slide to 1.0518 will be on. Look to sell from 1.1180/1.12.

FOREX EUR USD: Euro/Dollar: Market Waiting for ECB outcome & Draghi Press Conference. 3 Decembre 2015

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Yesterday’s Trading:
Volatility on the currency market on Wednesday was very high. The euro and pound updated new minimums against the USD. The rates were down due to weak UK (construction PMI) and Eurozone (CPI) data. The Swiss franc strengthened against the dollar with participants trying to avoid riskier currencies.

FOREX EUR USD: Euro/Dollar: Euro Can’t Strengthen below 1.0600. 26 Novembre 2015.

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Yesterday’s Trading:

On Wednesday the EUR/USD renewed its minimum after American data came out positive; the number of initial applications from unemployment benefit was down significantly with durable goods orders up along with new housing sales and business activity in the service sector. Since the euro/dollar has reached a support, as the US holiday approached yesterday, a fixing of profit on USD long positions began. The euro/dollar headed back up another 75 points to 1.0641.

FOREX EUR USD: Euro/Dollar: 50/50 Situation. 25 Novembre 2015

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Yesterday’s Trading:

On Tuesday, euro/dollar trading closed slightly up. Support for the rate came from euro crosses. The dollar also weakened against the Japanese yen and Swiss franc. They became safe haven assets as geopolitical tensions were ratcheted up; yesterday the Turks shot down a Russian plane. Oil and gold is up and the euro has a positive correlation with these commodities.

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