EUR/USD (Euro to Dollar) Forecast

We’ve come to this week’s last Support and Resistance Level Report. Here’s how our in-house model tests out this Friday. Euro/Dollar has been steadily recovering from its losses, and it now stands between R1 of 1 1990 and S1 of 1 1950. R1 counts a psychological level among its 8 studies, and a 2 year … Continue reading Friday Support and Resistance Levels – September 22, 2017

EUR/USD After the Fed’s announcement of balance sheet reduction measures and a possibility of a rate hike in December, the market reacted very sharply and fell towards the 1.1850 level. In Thursday session, the market started was positive and tried to rally above maintaining the uptrend line. The market will get enough bullish pressure if … Continue reading EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – September 22, 2017

The EUR/USD pair has rallied a bit during the day, bouncing from an uptrend line that we have seen on the daily chart. This is important, because it will define whether we stay in the uptrend or not. So far, it looks as if we are starting to see buyers jump into this market but … Continue reading EUR/USD Forecast September 22, 2017, Technical Analysis

The EURUSD was mixed during the course of the day yesterday as it chopped around not knowing exactly how to deal with the recovery in the dollar. It was the day after the FOMC, the meeting in which the Fed decided to keep the door open for a rate hike in December and also decided … Continue reading EUR/USD Daily Fundamental Forecast – September 22, 2017

The EUR/USD rebounded slightly on Thursday following a solid decline on Wednesday following the Fed’s decision to begin QT. The Fed announced its balance sheet runoff which will begin in October and left interest rates unchanged. Though FOMC participants looked past the near-term disruption effects of the 3-category-4 hurricanes that have hit the U.S., they … Continue reading EUR/USD Daily Technical Analysis for September 22, 2017

The EUR/USD is recovering slightly following yesterday’s sharp sell-off. The selling was driven by the U.S. Federal Reserve which sounded more hawkish than expected in its monetary policy statement. The central bank left its benchmark interest rate unchanged and laid out new details of its plan to begin trimming its balance sheet in October as … Continue reading EUR/USD Mid-Session Technical Analysis for September 21, 2017

Find out how the interbank lines up with the technicals at 8 AM GMT. These are the Main Daily Trading Signals. Euro/Dollar sees 5 buy prompts in the short-term and 5 bearish models in the mid-term. The long-term chart is divided between red and neutral studies, but, in contrast, the interbank is neutral at less … Continue reading Forex Trading Signals – September 21, 2017

It’s the morning after the Fed meeting; let’s see where the Support and Resistance levels stand. And Euro/Dollar has seen quote a drop, now trading in the range limited by R1 of 1 1890 and S1 of 1 1860. R2 is a psychological level with 7 studies, and the lowest resistance line has found 6 … Continue reading Thursday Support and Resistance Levels – September 21, 2017

EUR/USD The pair was mostly sideways through the day on Wednesday hovering around the 1.20 level. The pair is going through a lot of news and resistance in this area. If the pair breaks above the 1.20 handle, then it will be very positive for the market and will eventually move towards 1.25 handle. With economic … Continue reading EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – September 21, 2017

The EUR/USD pair has gone sideways around the 1.20 level during the session on Wednesday as we continue to look bullish overall. There is a lot of noise in this area, and of course resistance due to the large, round, psychologically significant area. If we can break above the recent high, the market should continue … Continue reading EUR/USD Forecast September 21, 2017, Technical Analysis

The pair crashed lower yesterday on the back of the hawkish Fed and this is what we had warned in our forecast yesterday. The pair is now back in the lows of its range and it looks pretty weak in the face of a recovering dollar which received a boost from the Fed yesterday. We … Continue reading EUR/USD Daily Fundamental Forecast – September 21, 2017

The EUR/USD moved lower on Wednesday following the Federal Research report where the central bank left interest rates unchanged.  The Fed announced that they would move forward with quantitative tightening which would amount to approximately 600 billion in reduction in the balance sheet each year moving forward. The FOMC signaled that another rate hike is … Continue reading EUR/USD Daily Technical Analysis for September 21, 2017

The EUR/USD is trading higher shortly before the U.S. opening. Trading is surprisingly strong ahead of today’s Fed pronouncements. This may be because the European Central Bank is widely expected to say next month that it will begin scaling back its asset-purchase stimulus program from January, even though a stronger Euro, which dampens inflation, has … Continue reading EUR/USD Mid-Session Technical Analysis for September 20, 2017

The team is here with another Support and Resistance Level Report. Euro/Dollar has returned to growth and now stands between R1 of 1 2030 and S1 of 1 20. R1 is a 2 year high with 7 studies, while the lowest resistance line has found 4 matches. R3 sees a single confirmation. Standing near a … Continue reading Wednesday Support and Resistance Levels – September 20, 2017

EUR/USD The market rallied on Tuesday’s session, testing the 1.20 level above which is offering a bit of resistance. WIth Federal Reserve’s inability to raise interest rate after the two consecutive hurricanes and ECB decision to cut back on quantitative easing will help the Euro to scale higher levels. Break above 1.21 level will help … Continue reading EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – September 20, 2017

The U.S Federal Reserve and the upcoming German Election are certain to influence the broad markets. Global equities remain a vital barometer for investors as they gauge their risk sentiment. EUR/USD: German Election Shadows The Euro has continued to add value early this week. The U.S Federal Reserve and the upcoming German election are influencing … Continue reading Daily Market Forecast, September 20, 2017 – EUR/USD, Gold, Crude Oil, USD/JPY, GBP/USD

The Federal Reserve, Bank of Japan and the German election will all impact the broad markets the remainder of this week. The Euro, Gold and the Yen will all face tests of sentiment as the risk events unfold. And the strength of global equities will also create impetus. The U.S. Federal Reserve & German Election … Continue reading Three Risk Events and Their Impetus – EUR/USD, Gold and USD/JPY

The EUR/USD pair rallied on Tuesday, testing the 1.20 level. This is an area that should continue to offer a bit of resistance, but with the Federal Reserve looking likely to not be able to raise interest rates after the hurricanes, I suspect that this market will probably continue to go higher. Short-term pullback should … Continue reading EUR/USD Forecast September 20, 2017, Technical Analysis

The EUR/USD edged slightly higher on Tuesday but continued to consolidate ahead of the Federal Reserve meeting scheduled to conclude on Thursday. The German Zew Investor confidence rose which helped buoy the currency pair, but traders are focused on the Fed and if they will mention quantitative tightening when they convene. U.S. import prices surged … Continue reading EUR/USD Daily Technical Analysis for September 20, 2017

The morning session is over on this Tuesday, and it’s time for the Midday Snapshot. Euro/Dollar’s initial rise was followed by a drop of 53 pips, but the pair still was point 11% in the green at noon. Trading has been usual in terms of funding, and both sides are at a balance. Success depends … Continue reading Midday Forex Snapshot – September 19, 2017