EUR/USD (Euro to Dollar) Forecast, Page 1

The pair is seeing range bound action in favor Euro owing to dollar’s weakness ahead of Sino-U.S. trade talks set to begin today.

The Euro rallied during the trading session on Monday after forming a massive hammer on Friday. At this point, it looks like we are ready to go higher but we have a minor hurdle to overcome in the short term.

The early price action shows support is the pivot at 1.1288. If this move creates enough upside momentum then look for buyers to make a run at 1.1342. Taking out this level will change the main trend to up.

EUR/USDThe Euro struggled a bit during Friday’s session in breaking above the 1.13 level but this level is also attracting a lot of attention. The pair is getting hammered due to ECB’s dovish attitude and weak economic numbers from the European Union. The pair is likely to continue consolidating between

Rangebound action in favor of Euro to continue owing to a silent macro calendar on both sides of the pair.

The Euro drifted a bit lower during the week as we continue to see concerns about the German economy and the global economy as well. Ultimately, I think that the market does have a significant amount of support underneath though.

The Euro try to break down during the trading session on Friday, after comments by an ECB member. However, it has shown a resilient attitude, as we have turned right back around to show signs of life.

Based on the early price action the direction of the EUR/USD on Friday is likely to be determined by trader reaction to the resistance cluster at 1.1294 to 1.1296. The main trend is down according to the daily swing chart. Yesterday’s closing price reversal bottom was an attempt to shift

EUR/USDThe Euro bounced a little during the Thursday’s session but got enough resistance at the 1.13 level, which kept the pair volatile. With the poor economic numbers from the US, the market is likely to favour a move to the upside and try moving towards the top of the consolidation

Tightening German-US yield spreads and weak USD leads to consolidative price action.

The Euro bounce again during the trading session on Thursday, as poor economic numbers in the United States of course were helping. With this in mind, it looks very likely that we are going to continue to see the churn that has been a mainstay of this market lately.

Industrial production in Eurozone came worse than expectations. That was one of the reasons why EUR reversed sharply against the USD.

Based on the early price action, the direction of the EUR/USD the rest of the session is likely to be determined by trader reaction to yesterday’s close at 1.1261.

EUR/USDThe pair pulled back significantly during the Wednesday’s session, breaching the 1.13 level again to reach down towards the 1.1280 level. The pair is witnessing a lot of issues above the 1.13 level and until unless it breaks above 1.1350 level, the market will continue to struggle rallying higher. Going

Dollar rebound and cautious investor sentiment resulted in consolidative/range bound action slightly above overnight lows.

The Euro continues to grind during the day on Friday, dropping towards the 1.13 level. This is an area that would continue to be very important, as it is the bottom of the longer-term consolidation area. I believe that a bounce is somewhat eminent.

Based on the early price action, the direction of the EUR/USD will be determined by trader reaction to the downtrending Gann angle at 1.1334. This angle was tested earlier in the session.

EUR/USDThe Euro fell initially during Thursday’s session but found enough support underneath, to bounce higher and break above the 1.13 level. The market is witnessing a lot of attention around the 1.13 level and at this point, it is likely that the pair will continue trying to reach towards the

As anticipated in our yesterday’s analysis, EURUSD made a reversal.

Risk appetite in broad market inspired by Sino-U.S. trade optimism and ECB rate hike prospects continue to underpin EURO bulls influencing positive price action.