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

Based on the early price action and the current price at 1.1298, 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 1.1287.

EUR/USDAfter the show of strength in the Wednesday’s session, the pair gave back the gains in Thursday’s session, breaking below the 1.14 level once again. The region above the 1.14 level has been extremely resistive for the pair and given the ECB’s softer stance on interest rate hike as well,

After yesterday’s losses, EUR/USD jumped to fresh day highs bouncing off two support points in the last three days. The pair is expected to end the week on a positive note.

Euro gains on the positive outcome in key European events. Investors now await macro data updates for short term trading cues.

It’s a big day for the markets. Private sector PMI numbers out of Europe and the U.S will give some guidance on where the economy is heading.

The Euro initially tried to rally during trading on Thursday but gave back the gains that we had seen early, only to wipe out quite a bit of the gains on Wednesday.

Euro lowered on May’s request for further Brexit extension. Economic bulletin highlighted to work on lifting Inflation.

Based on the current price at 1.1393 and the earlier 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 1.1377 and the 50% level at 1.1374.

The US Federal Reserve yesterday demonstrated a sharp easing of monetary policy plans, triggering a wave of dollar sales. Despite the fact that the markets tuned in to a very mild tone of comments, the US Central Bank managed to surprise the market.

We were not expecting much of the hawkishness from FOMC yesterday but the amount of the dovishness was really surprising for the market participants.

A 2019 pause on interest rate hikes by the FED may not be enough should U.S – China trade talks lack progress. It could be a telling end to the week.

The pair is consolidating overnight gains as USD suffered a sharp drop in value following dovish FOMC update.

The Euro continues to grind during the trading session on Wednesday as we are hovering in the vicinity of the 50 day EMA. Because of this, it looks very likely that although things are somewhat bullish, the reality is that we might be getting a bit overdone.

Based on the early price action, the direction of the EUR/USD on Wednesday is likely to be determined by trader reaction to the uptrending Gann angle at 1.1357 and the downtrending Gann angle at 1.1350.

Trading on the market recently is pretty tough. The price is not moving in trends, often changes direction and creates many false breakouts.

EUR/USDThe pair continued to attract enough buyers underneath, as it reached towards the 1.1350 level in Tuesday’s session. The market is just in the middle of long term consolidation area which ranges between 1.12 and 1.15 level and is expected to witness a lot of volatility. The 1.1450 level above

The pair is trading rangebound as both sides are lack strength for a breakout ahead of FOMC update.

The Euro continued to grind higher during the trading session on Tuesday, as were reaching towards the 1.1350 level. This is essentially the middle of the overall consolidation area, so at this point expect a lot of volatility.

EURUSD has reached the resistance of the downward channel before the important Fed meeting, which is able to determine the further trend.

Based on the early price action and the current price at 1.1347, the direction of the EUR/USD on Tuesday is likely to be determined by trader reaction to the downtrending Gann angle at 1.1355.