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: 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.

FOREX EUR USD: To be anchored by 20-day SMA. 18 Decembre 2015.

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Pair's Outlook
As expected, the EUR/USD cross managed to successfully test 20-day SMA and weekly S1 at 1.0850/45 yesterday. After touching the July low at 1.0808 the pair decided to bounce back and close the session at 1.0824. As daily technical indicators are giving stronger bullish signals, it is possible that some kind of a revival will take place on Friday. A climb back above the 20-day SMA will support the bulls to push EUR/USD up to 55-day SMA (1.0944) in the mid-term, while the bears are still hoping to see a sell-off continuing in the direction of the monthly pivot at 1.0724.

FOREX EUR USD: Depreciates after Fed hiked rates. 17 Decembre 2015.

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Pair's Outlook
EUR/USD registered a mild decline on Wednesday, just after the Fed announced a decision to raise the key interest rate. Thursday trading, however, proves to be much more active from the side of the Dollar's bulls. The pair is expected to test the weekly S1 and 20-day SMA at 1.0845, which is the first major support for today.

FOREX EUR USD: Fed meeting results and Yellen speech. 16 Decembre 2015.

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On Tuesday the November inflation data were released in the US that made the market participants more confident about the interest rate hike. On Wednesday, December 16, at 20:00 СЕТ the US Fed will announce its decision and half an hour later Janet Yellen will comment on it. the interest rate hike has been expected for most of this year. How the currency rates will react on it?

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