EUR/USD (Euro to Dollar) Forecast

The EUR/USD surged to a one-year high early Wednesday before profit-taking and position-squaring fueled some intraday weakness. The sell-off may have been a reaction to comments from the European Central Bank which said the markets may have misinterpreted ECB President Mario Draghi’s comments on Tuesday, setting up a strong rally. Technical Analysis The main trend … Continue reading EUR/USD Mid-Session Technical Analysis for June 28, 2017

Euro/Dollar has been slowly trending higher to trade point 33% in the green at noon. The pair has attracted 46% more than typical funds and sentiment of the traders is neutral, 1% short. Gradual rise suggests a successful start of the day is more likely for those who had long positions. Pound/Dollar has walked in … Continue reading Midday Forex Snapshot – June 28, 2017

Unexpectedly hawkish Draghi brings volatility on the market and helps the EUR bulls to set yearly highs on many currency pairs. EURUSD combined the fundamentals (Draghi) and technical analysis ( iH&S formation). The price climbed sharply. We came back above the mid-term up trendline and used this momentum to break the 1.129 resistance. In my … Continue reading Nice setups on the EURUSD, USDCAD and Gold

Good morning traders, you’re watching the Primary Daily Trading Signals for Wednesday. Bullish signals prevail across the chart for the Euro/Dollar, which sees 5 buy prompts in the short-term, 6 in the mid-term and no less than 8 in the long-term, and they indeed are very much in line with the interbank, which stands at … Continue reading Forex Trading Signals – June 28, 2017

The last 24 hours have brought some notable shakeups in the markets, so let’s see where the support and resistance levels stand this Wednesday morning. Euro/Dollar surged yesterday as Mario Draghi struck a surprisingly hawkish note, and it now has R1 of 1 14 and S1 of 1 1350. A 12 month high is now … Continue reading Wednessday Support and Resistance Levels – June 28, 2017

GBP/USD: Pound Continues to Gain Bank of England Governor Mark Carney said the U.K central bank is prepared for all scenarios regarding Brexit ramifications yesterday. The Pound gained against the U.S Dollar and has traversed above the 1.28 mark. Mark Carney will be speaking again today in Portugal. The Pound has done well early this … Continue reading Daily Market Forecast, June 28, 2017 – EUR/USD, Gold, Crude Oil, USD/JPY, GBP/USD

EUR/USD The pair shot up higher and showed a bullish trend. Going forward, traders can expect the market to go higher. Due to the ECB President Draghi’s speech on monetary policy coupled with the central bank’s events in the United States, the dollar fell and caused the Euro to rise higher in the last 24 … Continue reading EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – June 28, 2017

The EUR/USD pair had an extraordinarily bullish day on Monday, breaking above the 1.12 level handily, and reaching towards the 1.13 handle. The market should continue to go higher, and a break above the 1.1315 level is reason enough to think that the market is going to reach towards the 1.14 handle, and then eventually … Continue reading EUR/USD Forecast June 28, 2017, Technical Analysis

The EURUSD pair ripped higher on hawkish comments from Draghi and also a combination of events in the US which has caused the dollar to fall across the board during the course of the last 24 hours. The pair has risen by over 160 pips over the last 24 hours and finally, all the bullishness … Continue reading EUR/USD Daily Fundamental Forecast – June 28, 2017

The EUR/USD surged higher breaking out following comments from the ECB Draghi which hinted at policy adjustment, but pledges caution. Draghi’s comments seem to be the clearest indication from the central bank head yet, that the ECB is heading for a shift in policy parameters. Like at the last council meeting, Draghi sounded more upbeat … Continue reading EUR/USD Daily Technical Analysis for June 28, 2017

We are half way through this trading day and it’s time for the Midday Snapshot where we`ll see how the sentiment of the traders compares with the actual rate movements. Mario Draghi speech has sent the Euro/Dollar higher and the pair stands point 77% in the green. The pair sees more than double the monthly … Continue reading Midday Forex Snapshot – June 27, 2017

The EUR/USD is surging on Tuesday after European Central Bank President Mario Draghi said there are clear signs of a “strengthening and broadening” recovery underway in the Euro Zone. “As the economy picks up we will need to be gradual when adjusting our policy parameters, so as to ensure that our stimulus accompanies the recovery … Continue reading EUR/USD Mid-Session Technical Analysis for June 27, 2017

EUR/USD With three-week long descending trend-line, together with overbought RSI, raising barrier during near-term EURUSD up-moves, chances of the pair’s pullback to 1.1215 and then to the immediate ascending TL support of 1.1170 are higher. Should the quote drops further below 1.1170, the 1.1140 and the 1.1120-15 horizontal-line may limit its additional downside. In case … Continue reading Technical Outlook For EUR/USD, GBP/USD, USD/JPY & NZD/USD: 27.06.2017

These are the Main Daily Trading Signals for Tuesday. Here’s how the interbank compares with the technicals at 8 AM GMT. Euro/Dollar has neutral signals prevailing in all three time ranges, with 6 neutral models in the short-term, 4 in the mid-term and 5 in the long-term, but, in contrast, the interbank is quite bullish … Continue reading Forex Trading Signals – June 27, 2017

GBP/USD: Upside Short Term Potential The Pound maintained a tight trading range on Monday. The 1.27 level continues to act as support for the British currency and U.S Dollar. A coalition deal within the British government yesterday was announced by Prime Minister Theresa May which has given her some needed stability. Bank of England Governor … Continue reading Daily Market Forecast, June 27, 2017 – EUR/USD, Gold, Crude Oil, USD/JPY, GBP/USD

You’re watching the Support and Resistance Level Report for Tuesday. Here’s how our in-house model tests out. Euro/Dollar currently has the closest levels of 1 1210 in resistance and 1 1160 in support. R1 counts a 20 day moving average among its 12 studies, while R2 has found 7 matches, including a 6 month high … Continue reading Tuesday Support and Resistance Levels – June 27, 2017

EUR/USD The pair went back and forth initially before finding areas of resistance. After a while, the pair dropped down to support underneath due to the strengthening of the dollar. Traders can expect a lot of market volatility as the central bank members are scheduled make speeches today which includes Draghi, Carney and Yellen as … Continue reading EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – June 27, 2017

EURUSD continues to trade within the range to begin the new week and though this is the final week of the month, we believe that there is likely to be a lot of volatility in the upcoming days as there are a host of Central bank leaders who are scheduled to speak during the course … Continue reading EUR/USD Daily Fundamental Forecast – June 27, 2017

The EUR/USD pair went sideways initially during the day on Monday, but found the 1.12 level above to be resistance. We broke down below there, and then reached down to the 1.1175 level, where we found quite a bit of bullish pressure. We eventually broke above the 1.12 handle, and then pulled back there to … Continue reading EUR/USD Forecast June 27, 2017, Technical Analysis

The EUR/USD traded in a sideways pattern, despite a stronger than expected German IFO survey which failed to buoy the currency pair.  U.S. yields continued to trade on the defensive, as a soft Chicago National Activity index and a milder than expected Durable Goods Orders report, took the luster off the greenback. Technicals The EUR/USD … Continue reading EUR/USD Daily Technical Analysis for June 27, 2017