EUR/USD (Euro to Dollar) Forecast, Page 4

Don’t forget, today is Independence Day in the United States and this of course will be very impactful when it comes to liquidity. The market has been trying to grind higher in the EUR/USD pair, but it has not been easy. The question now is whether we are simply going

The Euro is trading slightly higher, but inside yesterday’s range suggesting investor indecision and impending volatility. Volume is light which suggests investors may already be packing it in ahead of the U.S. Fourth of July holiday on Wednesday.Some U.S. banks may even be shutting down early today. Others may even

EUR/USDWhile receding political pressure at Germany helped the EURUSD witness its latest recovery, short-term symmetrical-triangle is likely to confine the pair’s immediate moves. As a result, the 1.1680 can become adjacent resistance for traders to watch, breaking which the 1.1725 may offer intermediate halt prior to fueling the quote towards

The EURUSD pair got a 30 pip boost post Germany’s Seehofer comment that a clear solution to stopping illegal immigration at the German-Austrian border has been agreed upon during his meeting yesterday with Chancellor Angela Merkel. The pair hit yesterday’s low at 1.15900 during late North American market hours but

The U.S. dollar was seen posting strong gains on the first trading day of the third quarter as the greenback rose 0.4% on the day. The gains coincided with the ISM’s manufacturing PMI rising to 60.2 in June beating estimates which forecast a decline to 58.5. Construction spending was also

The Euro rallied last week, but those rallies are taking a serious beating during the beginning of this week. The US looks likely to add more tariffs against the Chinese this Friday, and of course the Chinese will retaliate almost immediately. At this point, the tit for tat trade war

The euro is trading sharply lower on Monday as the German crisis might affect the European politics and economy.The common currency is falling after good economic data was released on Friday. Economic data showed that headline consumer prices increased 2.0% on the year ending June 2018. This was broadly in

The Euro is down shortly before the U.S. opening. Rising concerns over an escalation in the trade dispute between the United States and the European Union is one reason for the selling pressure. The other is a setback for German Chancellor Angela Merkel after her interior minister offered to quit

Now that the second quarter of the year is about to end, it is time to look back and see what the main events on the currency market were. And, can we conclude or make a forecast for the rest of 2018?If anything strikes the eye in the first six

EUR/USDThe market gained strength in the Friday’s session reaching as high as 1.1650 level due to an agreement between the EU countries on the immigration crisis. The Friday’s rally in the market is expected to short-term as the overall market dynamics continue to be weak and extremely volatile. The 1.15

EURUSD has a soft opening today and has since taken to slow downside movement across majority of Asian market hours. However the downside movement seems to be well above 1.16 handle which suggests that this move lacks fundamental support to act as trigger for change in price trend. The downside

The EURUSD pair which was on a steep decline across April 2018 saw range bound movement in month of June 2018 influenced by global trade war and Central bank decisions. As Trade wars hit new highs, the EURUSD pair hit new 360 day low’s testing 1.15 handle before seeing some

The Euro went back and forth during the week again, as there are a plethora of headlights out there that have been moving the markets. The 1.15 level underneath has been important, and at this point it has not only shown support but also resistance in the past. In fact,

As the European Union has offered a potential solution for the immigration crisis, you can see that the market turned around and exploded to the upside. This is one of the major concerns and the European Union right now, so it makes sense that we may turn back around and

The Euro is trading sharply higher on Friday shortly before the U.S. opening. It seems that investors are happy that a deal on migration has been reached. Despite the strong performance the Euro is still trading lower for the week. Last week, it closed at 1.1658. For the first half

EUR/USDThe pair initially dropped towards the 1.15 level which is one of its important support levels in the longer term chart, and from there it got enough buying pressure to bounce higher towards the 1.16 level. The market is expected to continue volatile due to the unstable political situation in

The EURUSD pair opened with Gap up on early Asian market hours testing 1.16 handle as the leaders of the European Union reached a deal on the thorny issue of migration at their summit. The pair is currently trading at 1.1649 up 0.70% as EU leaders struck a deal on

The EUR/USD pair initially dropped towards the 1.15 level underneath, which of course has been a massive support and resistance barrier on longer-term charts and I have been speaking about it for some time. The fact that we bounced from there is not a huge surprise, as it is not

The EUR/USD is bouncing back on Thursday after earlier weakness. The recovery is being fueled by data showing inflation in some German regions held this month above the target rate set by the European Central Bank.Additionally, in the U.S., Final GDP for the first quarter came in at 2.0%, lower

Head and Shoulders on the EURUSD from yesterday worked like a charm and allowed the price to drop 100 pips lower. That was a beautiful setup straight from the Price Action Bible. Now, the price is aiming the horizontal support around the 1.151 and chances that we will get there