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 December 03, 2018.


EURUSD: a drop is expected by close on Friday

On Friday the 30th of November, trading on the euro closed down. The strengthening of USD was due in part to the anticipated meeting between the US President and the PRC Chairman during the G20 summit in Argentina. US President Trump tweeted that if negotiations reached a dead end, he would raise tariffs against China. This caused the rate to dip to 1.1306.

Forecast and technical analysis EURUSD on November 29, 2018.


EURUSD: bulls trying to hold the line at around 1.14

In Wednesday’s US session, the euro jumped sharply against the greenback. The US dollar index collapsed after Fed Chair Jerome Powell’s speech. He said that the key rate is “just below” the neutral level. This surprised investors given that just in early October, Powell had said that the rate is “a long way” from neutral. His remarks have increased speculation that the rate hike trajectory may now slow down.

Forecast and technical analysis EURUSD on November 27, 2018.


EURUSD: bulls disappointed by Draghi’s speech

On Monday the 26th of November, trading on the EURUSD pair closed down. In the first half of the day, the pair rose from 1.1340 to 1.1384. Support was provided to the euro by the drop in Italian 10-year bond yields to 3.170%, which occurred in response to the Italian government hinting that it may be willing to cut its deficit target for next year.

Forecast and technical analysis EURUSD on November 23, 2018.


EURUSD: a breakout of the trend line is expected

On Thursday the 22nd of November, the euro closed slightly up. High volatility was observed during the European session in connection with the news on Brexit and Italy. The euro/dollar rate rose to 1.1434, after which it stabilised near the trend line at 1.14. Sellers did not pass through this trend line, as US markets were closed and volumes were lowered due to the holiday.


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