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

EUR/USD held within a range below the psychological 1.1800 handle in European trading yesterday as investors await guidance from the Federal Reserve, with interest rate decision updates scheduled to release today. With several risk events this week, a breakout appears to be inevitable and technical pattern favors a break to

The Euro has tried to rally above the 1.18 level for some time now but fails every time we get close to it. I think perhaps this is due to the fact that we have an FOMC statement coming, and traitors probably are a bit hesitant to put too much

The Euro is trading higher shortly before the U.S. opening. The currency is recovering a little following yesterday’s closing price reversal top. During the early session, the chart pattern was not confirmed with prices remaining inside yesterday’s range. This tends to indicate investor indecision and impending volatility.The single-currency rallied on

EUR/USDAlthough short-term ascending trend-line signals the EURUSD’s strength, the pair might soon find it hard to extend its recovery as the 1.1815-25 horizontal-region is nearby. Should prices rally beyond 1.1825 on a daily closing basis, the 1.1900 and the 200-day SMA level of 1.1945 are likely following numbers to appear

Yesterday the EURUSD made new mid-term highs but the main pair is dangerously getting closer to create a bearish reversal pattern. The price is currently trying to create a head and shoulders formation or a triple top. Despite nice upswings, we do also have strong reversals. It is all happening

By Tuesday, the EUR/USD has stabilized after the volatile previous week. The market is now looking for support. The major pair is still near the 4-month highs, with the last week high at 1.1802.The US economic reports came mixed. Housing starts got up by 9.2% MoM, reaching 1.282M homes, which

EUR/USDThe Euro initially started off with strength during the Monday’s session, but then rolled off to form a lower high on the daily chart. Because of this, it seems the market is likely to struggle a bit breaking above the 1.18 level. The pair is likely to trade within the

Global markets saw a mixed dollar in North American market hours after ECB President Draghi’s economic update to the EU Parliament sent the euro through 1.18 temporarily on hawkish rhetoric, signaling the ECB’s forward intentions when he explained that “a relatively vigorous pick-up in underlying inflation” was underway, underscoring an

In what seems to be a reoccurring theme, the Euro is all over the place. We initially rallied during the trading session on Monday but rolled over as the Americans started to wake up. Quite frankly, I don’t think that this is the beginning of something major, but it does

The Euro is trading higher on Monday, rebounding from early session weakness. The initial move was fueled by concerns over an escalation of the trade dispute between the United States and China after the latter cancelled trade talks.Early in the session, investors threw money at the safe-haven U.S. Dollar but

EUR/USDThe Euro breaks lower after testing the massively resistive 1.18 level in the Friday’s session, which was the top of the larger consolidation area. The pullback was also expected as the market had rallied significantly over the last few sessions. It is expected that the 1.17 level underneath is going

The EUR/USD created an inverted hammer on Friday, as the weaker-than-expected September Eurozone PMI readings pushed the US-German yield differentials to new highs. The spread between the two-year US treasury yield and German two-year bund yield rose to 336 basis points, the highest since 1988. Further, the 10-year yield spread

The EUR/USD has been quite erratic since early 2015. The Greek crisis caused the pair to drop from 1.40 to near parity, all in the space of 10 months, and that was a brutal move lower which destroyed longs. Since then, the pair has range traded between 1.04 and 1.24,

The Euro rallied during the week, breaking the top of a couple of shooting stars, which of course is a very bullish sign. However, the market ran into a lot of trouble at the 1.18 level, an area that of course has been resistance in the past. I think that

The Euro has broken down a bit during the trading session on Friday, as we tested the significant 1.18 level above, which was the top of the larger consolidation area that we have been trading in for some time. Remember, we’ve been trading between the 1.15 level on the bottom

The Euro is trading lower shortly before the U.S. opening after buying dried up slightly above the July 9 top at 1.1791. Furthermore, due to the prolonged move in price and time, the Forex pair began the session in the window of time for a closing price reversal top. This

The EUR/USD pair breached strong resistance found around 1.175 handle on back of a broad-based greenback weakness. With investors staying focused on the upbeat data from the UK and Brexit headlines, the greenback struggled to find demand during Thursday’s market hours and weakened against its rivals with the US Dollar

The Euro rallied significantly during the trading session on Wednesday, breaking above the neckline of an inverse head and shoulders, which measures for a move to roughly 1.20. However, I think the 1.18 level above is going to cause a significant amount of resistance, so don’t be surprised at all

The EUR/USD rallied to its highest level since July 9 on Thursday, as the U.S. Dollar continued to lose its safe-haven appeal dampened by fading fears about the trade dispute between China and the United States.Daily EUR/USDDaily Technical AnalysisThe main trend is up according to the daily swing chart. The

EUR/USDThe Euro initially rallied during the day on Wednesday but is facing stiff resistance at the neckline of an inverse head and shoulders pattern that is formed on the daily chart. Because of this, the market is likely to remain skittish and traders will wait for a clear signal. The