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

With some financial sector corporate earnings results out of Europe, another set of positive U.S earnings results may not be enough…

The Euro fell rather hard during the day on Tuesday as European traders came back to work. In fact, the Euro only budged slightly higher to kick off the day and then fell straight down towards which should be a relatively supportive area.

Based on the early price action, the direction of the EUR/USD is being controlled by two prices: a short-term 50% level at 1.1254 and an uptrending Gann angle at 1.1259.

The fact that we were having Easter holidays did not mean that the market was poised to be boring and of low volatility.

Dollar Index is close to the upper limit of its 6-months trading range. GBPUSD remains trapped between MA200 and 1.30. Oil has jumped at the start of the week by 3%: WTI – $66, Brent – $73.70.

The pair is currently under pain of the earlier week released sparse economic indexes. In the last few sessions, the EUR/USD hardly moved amid Easter holidays. Tomorrow chances remain intact of action following specific German reports.

The Euro initially tried to fall at the very open on Monday but then turned around to show signs of strength again. We are at the bottom of a major consolidation area so it’s not a huge surprise to see that the Euro got a bit of life down here.

Based on the early trade, the direction of the EUR/USD on Monday is likely to be determined by trader reaction to the resistance cluster at 1.1254.

US Q1 GDP and Australia Q1 CPI will highlight the G-10 calendar.

The Euro pair may find some upward space on the back of downbeat expected US data and crude upsurge. Investors look forward to April 23 as the UK parliament will reopen after the Easter Recess.

The Euro fell during the week, reaching down towards the 1.12 level yet again. Now having said that it’s likely that we have a big fight on our hands just below current trading.

The Euro bounced slightly during trading on Friday as low-volume would have made this an unreliable market. We are currently trading around a major support level though, so a bounce would have course made quite a bit of sense.

Based on Friday’s limited price action, trader reaction to the short-term Fibonacci level at 1.1238 is likely to determine the near-term direction of the EUR/USD. Essentially, the EUR/USD could strengthen over 1.1254 and weaken under 1.1238. However, the extremely light volume will lead to limited gains and limited losses. Furthermore,

Global equity markets struggled for direction during Friday’s trading session as activity continued to decelerate ahead of the Easter Bank holiday weekend.

The Dollar index has risen to a 5-month highs after disappointing EU PMI reports. GBPUSD just fell below 1.30 and now is trying to stay above its MA(200). EURUSD is eyeing key support at 1.1200. AUDUSD failed with growth.

The Euro bears remain subdued anticipating the strong expected US Housing data. Notably, the 200-days SMA traded 39 pips above the EUR/USD alluding a bear call.

The Euro broke down significantly during the day on Thursday but continues to see a lot of support just below. With that being the case, it’s very likely that the market will continue to be choppy and difficult to deal with but in the end it’s very likely that the

Based on the early price action and the current price at 1.1241, the direction of the EUR/USD the rest of the session is likely to be determined by trader reaction to the potential support cluster at 1.1238.

StocksS&P500 futures have been falling since the second half of Wednesday, losing more than 1% from the peak levels. Market participants are trying to stick to thier profits after the recent rally, which sent the US and Chinese indices to multi-month highs. The JPY has touched lows against the dollar

Unfortunately for equity investors, the surprisingly robust China GDP data failed to ignite a rally on Wall Street as US investors turn focus to domestic concerns.