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

Based on the current price at 97.020, the direction of the September U.S. Dollar Index into the close is likely to be determined by trader reaction to the Fibonacci level at 97.020.

The Euro bounced a bit on Monday, using the 1.12 level as support. This of course is an area that should attract a lot of attention, especially considering how the area recently had been resistance. Overall, the pair looks as if it’s trying to find a longer-term bottom.

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 the support pivot at 1.1228 to 1.1227.

Dear Traders,The EUR/USD has hit the strong support at 1.1201 and bounced, making a retracement pattern. We can spot two POC zones.–>The first POC zone is 1.1230-40. It is slightly below the W L3 camarilla pivot which serves as resistance. If the W L3 breaks the price might go to

After a sharp fall on Friday, EUR/USD is seen consolidating near its 200-period moving average on a 4-hour chart. All eyes will be on the Fed meeting later this week. Ahead of it, the pair has some potential to bounce higher.

The Euro initially shot higher during the week, but then rolled over to test a major support level. At this point, it’s likely that we will continue to see a lot of choppy in this market, but it makes sense if you think about it, as the market has been

The Euro initially shot higher during trading on Friday, but then pulled back a bit to show signs of weakness again. Ultimately, we are testing a major support level underneath so it’s likely that we continue to see volatility.

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 the resistance cluster at 1.1267 to 1.1268. A sustained move under 1.1267 will indicate the presence of sellers. The first target is the 50% level

EUR/USD seems to have fallen into a range below 1.1280 ahead of US retail sales which are scheduled for release today. I expect some volatility from the release, but I think the markets will be more focused on the Fed who are scheduled to meet next week.

All the markets’ attention is focused on the US & China Retail Sales and Industrial production.

US market received an unexpected bounce from surging oil prices as energy stocks topped the list of winners. But investor sentiment remains supported by the one constant that keeps the S&P 500 ticking, the allure of the Federal Reserve easy money policy.

It looks like the calm in the currencies is drawing to a close and volatility is about to pick up. So far, so good. We’re at a crossroads these days: after a recent string of declines, the USD appears to be catching a bid. This is not without repercussions and

The next FOMC meeting will take place on June 19, and on June 13 the interest rates markets were pricing in a rate cut of 25 bps by 24.2%, while the likelihood of the Fed leaving rates unchanged in the 225-250 interval was at 75.8%.

The Euro went back and forth during the trading session on Monday as we are pulling back a bit from the overbought conditions. That being the case, it makes quite a bit of sense that we could see a bit of a breather.

Based on the early price action, the direction of the EUR/USD on Thursday is likely to be determined by trader reaction to the downtrending Gann angle at 1.1297. We’re still waiting for a confirmation of the closing price reversal top. Volatility is likely to pick up once 1.1283 is taken

EUR/USD fell under pressure shortly after Wednesday’s US inflation reading and is seen dipping below the 1.1300 handle. A flag pattern suggests there could be some more downside, although significant support is nearby.

The Euro rallied a bit during early trading on Wednesday but continues to find a lot of trouble in the neighborhood of 1.1350. As long as that’s the case, it’s very likely that we will get some type of pullback.

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 the Fib level at 1.1318.

The U.S. and China Inflation data may become a significant force causing movements in the stock and currency markets.

EUR/USD has been inching higher since hitting a low on Monday. The pair is seen once again making a run for the 200 weekly moving average. Ultimately, today’s CPI data will determine if a break will materialize.