EUR/USD (Euro to Dollar) Forecast

Eurozone yields jumped higher with European equity markets in the wake of record beating German Ifo confidence readings. The headline Ifo may overstate growth prospects, but coupled with comments from ECB’s Mersch, who was more optimistic on both growth and inflation, markets were reminded that tapering is still looming on the horizon. Inflation remains moderate … Continue reading EUR/USD Daily Technical Analysis for July 26, 2017

EUR/USD Although four-month old ascending trend-line, at 1.1690 now, restricted the EURUSD’s upside, the pair continues trading above 1.1615 horizontal-line and is indicating brighter chances to challenge the 1.1690 resistance again. Should the pair manage to surpass 1.1690 on a daily closing basis, the August 2015 high around 1.1715, followed by the 1.1750 and the … Continue reading Technical Update For EUR/USD, GBP/USD, USD/JPY & AUD/USD: 25.07.2017

The EUR/USD is trading slightly better shortly before the U.S. opening. The Forex pair is also trading inside yesterday’s range, which typically indicates investor indecision and impending volatility. This is likely because the major players are sitting on the sidelines ahead of Wednesday’s U.S. Federal Reserve interest rate decision and monetary policy statement. The Fed … Continue reading EUR/USD Mid-Session Technical Analysis for July 25, 2017

These are the Main Daily Trading Signals and here’s how the interbank compares with the technicals at 8 AM GMT. First up is the Euro/Dollar with 5 neutral signals on its hourly chart. The mid-term is divided between red and neutral models, and the daily outlook turns bullish with 5 studies, matching the more than … Continue reading Forex Trading Signals – July 25, 2017

EUR/USD The pair went through sideways movements on yesterday’s trade and went down towards 1.1625 level which is a support zone also. The market is consolidating before beginning any upward movement. The market will provide traders with a opportunity to buy in dips as the market seems fairly overbought. The 1.15 level is a strong … Continue reading EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – July 25, 2017

You’re watching the Support and Resistance Level Report for Tuesday. Here’s how our in-house model tests out. Euro/Dollar is trading in the range limited by R1 of 1 1670 and S1 of 1 1630. Price Channel Indicator Upper Line is among the 8 studies for R1, while R2 is a 2 year high with 2 … Continue reading Tuesday Support and Resistance Levels – July 25, 2017

GBP/USD: Reversal Opportunities Today The Pound has continued to hold it higher ground against the U.S Dollar above the 1.30 level. Growth numbers will come from the U.K on Wednesday and in combination with the U.S Federal Reserve’s monetary policy tomorrow, the Pound may continue to see a rather tight range in the coming twenty … Continue reading Daily Market Forecast, July 25, 2017 – EUR/USD, Gold, Crude Oil, USD/JPY, GBP/USD

The EUR/USD pair went sideways during the session on Monday, and broke down towards the 1.1625 handle underneath. The market finding support underneath is not much of a surprise, because it had been resistive. I believe that the buyers are going to jump back into this market, and then eventually push the EUR/USD pair much … Continue reading EUR/USD Forecast July 25, 2017, Technical Analysis

It was a mixed and choppy day of trading in the markets in general with no specific direction. This was generally expected way of trading on the first day of the last week of the month. Generally, there is a lack of economic data and events during the last week of the month and so … Continue reading EUR/USD Daily Fundamental Forecast – July 25, 2017

Eurozone yields moved lower as the dollar gain traction with 10-year Bund yields falling below 0.50% and Eurozone spreads narrowing after weaker than expected PMI readings underpinned Draghi’s reluctance to commit to QE tapering just yet. The renewed dip in long yields is weighing on the currency pair, but comments from Mersch  Monday confirmed that … Continue reading EUR/USD Daily Technical Analysis for July 25, 2017

Euro/Dollar has slipped by a total of 55 pips and the pair stands point 31% in the red at noon. Turnover is average and neutral sentiment of the market players is 8% long. Downward pressure has been stronger so far, making profits more likely for bears. Pound/Dollar shot up by 61 pips after 7 o’clock … Continue reading Midday Forex Snapshot – July 24, 2017

The EUR/USD struggled after barely taking out last week high before turning lower for the session. There has been no change in the fundamentals or news so the move is likely related to price action. It looks as if the market ran out of buyers shortly before its two-year top. Technical Analysis The main trend … Continue reading EUR/USD Mid-Session Technical Analysis for July 24, 2017

These are the Main Daily Trading Signals for Monday. Here’s how the interbank compares with the technicals at 8 AM GMT. All three time ranges bring different results for the Euro/Dollar, which is mostly bearish in the short-term. The mid-term sees 6 neutral models, and the long-term turns green with 6 studies, matching the more … Continue reading Forex Trading Signals – July 24, 2017

Good morning, traders, the Dukascopy TV team is here with this week’s first Support and Resistance Level Report. Euro/Dollar is trading in the range limited by R1 of 1 1680 and S1 of 1 1640. Price Channel Indicator Upper Line is among the 5 studies for R1, and R2 is a 2 year high with … Continue reading Monday Support and Resistance Levels – July 24, 2017

EUR/USD The pair went higher on Fridays’ trade after moving initially in a sideways direction. The pair is still moving strong and is trading in 2 years high level. It has a resistance level of 1.1650 level. Any pullback will provide a good opportunity to go for long position. No support for the dollar will … Continue reading EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – July 24, 2017

The EUR/USD continues to make higher highs and higher lows that is a sign of  a steady uptrend. At this point the POC zone 1.1605-20 (D L4/L5, 38.2, EMA89, W L3) looks firm and if the price retraces to the zone we might see another push to the upside. Targets are 1.1683 and 1.1720. However, … Continue reading EUR/USD Higher Highs And Higher Lows For Uptrend Continuation

EUR/USD: Further Room to Climb The Euro will be watched by investors carefully as its starts trading this week. The European currency is testing long-term highs and the 1.17 resistance level has come into sight against the U.S Dollar. Traders looking for reversals downward may want to reconsider stepping in front of the Euro’s strong … Continue reading Daily Market Forecast, July 24, 2017 – EUR/USD, Gold, Crude Oil, USD/JPY, GBP/USD

The EURUSD pair has continued on its merry ways and it continues to move on its higher trajectory even when there is not much news around. On Friday, it was supposed to be a slow day with the absence of any news or events from the Eurozone and the US. But even on that day, … Continue reading EUR/USD Daily Fundamental Forecast – July 24, 2017

The US Dollar has continued its downfall versus all major currencies as US rate hike expectations significantly decreased while other central banks imply for economic growth and towards tightening monetary policy. We have a busy week in front of us with the BoJ minutes, Australia CPI, UK GDP, FOMC rate decision, Japan CPI US GDP … Continue reading Weekly Forex Technical Analysis, July 24 – July 28, 2017

In a way, it was a typical week for the EURUSD pair. The traders had to get it into their head that the pair is in a clear uptrend. Any other thought would just spoil their participation in the party that the euro bulls have been having over the last few weeks. Last week, we … Continue reading EUR/USD Fundamental Analysis – week of July 24, 2017