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

Based on the early price action and the current price at 1.1386, the direction of the EUR/USD the rest of the session is likely to be determined by trader reaction to yesterday’s close at 1.1398.

EUR/USD corrected lower in early day trading after a four consecutive day rally. I expect the pair will be bought on dips, especially ahead of several Fed Speeches that are scheduled later in the day.

Based on the early price action, the direction of the September U.S. Dollar Index on Tuesday is likely to be determined by trader reaction to Monday’s close at 95.487. If the Euro posts a reversal top then look for the index to post a reversal bottom.

The Euro initially shot higher during the day on Monday but has given back a bit of the gains early during the day. That being said though, we are above the 200 day EMA, something that hasn’t happened for quite some time.

EURUSD continues rising. On Monday, June 24th, the instrument is mostly trading close to 1.1376. Market players aren’t as active as usual, but it may change in a moment.

On Monday, we will get a chance to trade the British pound on the inflation report hearings.

Based on the early price action and the intra-day upside momentum, buyers may take a run at the next downtrending Gann angle at 1.1406. This is the last potential resistance angle before the 1.1448 main top.

Investors’ attention is shifting from the world central banks towards the G20 leaders. That way, Trump and Xi Jinping’s meeting to discuss the China-US trade deal has the greatest potential to impact on the markets.

EUR/USD rallied about one and a half percent last week and seems to be trying to break out. The pair was last seen heading toward the 1.1400 level and there doesn’t seem to be a lot of sellers.

A tentative start to the week as the market feels uncertain about what narrative it should run with. A considerable volume of ink was spilt on Sunday regarding Iran, the dovish FOMC remains ingrained on the market’s mind, while the G-20 looms. And for oil traders, there’s that not so

Given the upside momentum at the end of last week, buyers may take a run at an important resistance cluster at 1.1447 to 1.1448. The first price is a 50% level. The second is the last main top.

The Euro rallied significantly during the week, as the Federal Reserve has softened its monetary policy. Granted, the ECB has suggested that they were also doing the same, but at the end of the day, the Federal Reserve gets what it wants.

The Euro rallied a bit during the trading session on Friday to close out the week, but we are heading towards major resistance so I would anticipate a little bit of a pushback in this neighborhood.

Based on the early price action, the direction of the EUR/USD on Friday is likely to be determined by trader reaction to the 50% level at 1.1278 and the 61.8% level at 1.1318.

After a sharp move up yesterday, EUR/USD is taking a breather around the 1.1300 level. The pair seems to be eyeing the 200 DMA, however, it remains to be seen if the pair tests it today.

Hopes for a speedy reduction in the Fed’s interest rates and the ECB’s readiness to ease its policy this week generated a rally in the stock markets. As a result, S&P500 updated its historic highs on Thursday.

The Euro exploded to the upside during trading on Thursday, after the Federal Reserve asserted a bit of a dovish statement during the day on Wednesday. However, there are worries above as far as the bullish scenario is, so I don’t know how much more we have in the way

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 uptrending Gann angle at 1.1307. Momentum is to the upside at this time. A sustained move over 1.1318 should reaffirm the upside bias. The

I should have listened to my old boss from my bank day’s and loaded up on more US treasuries. But at least I did let my inner gold bug out of the jar this week so that I can take some solace in that extended position.

Wednesday’s Fed meeting provided a catalyst for a EUR/USD reversal to the 1.1300 handle. The pair is showing strong upward momentum which suggests to me that this could be the start of a big move.