Forex Academy Quick Links:
Language:
English

Blogroll

December 8th, 2013 @ 4:10 pm by The Geek

Click here to read the full article.

Simultaneous Release at
TheGeekKnows.com Learn Forex Trading and read exclusive EUR/USD Forecast and AUD/USD Forecast Reviews.

Good day forex traders and readers.

In the previous EUR/USD forecast we noted that the currency pair was bullish and the immediate resistance was 1.3680. Should it manage to push further, 1.38 may be next. From a fundamental point of view, the drop in euro zone unemployment rate together with other positive developments increased the appeal of the euro currency.

20131208-232943.jpg

Technical Analysis

Looking at the EUR/USD daily chart above we note that the currency pair continued it’s bullish momentum. As of now it has passed the immediate resistance of 1.3680 thus opening up the possibility of 1.38.

I have plotted a trend line to highlight the bullish nature of the currency pair for now. Having said so, you have to exercise prudence and always be ready for any changes.

Don’t miss the fundamental analysis
continue on to TheGeekKnows.com for the fundamental analysis of the EUR/USD Forecast Weekly Review to understand more about the underlying market sentiments.

Click here to read the full article.

Our Global Forex Community

Follow us on Twitter! Join us on Facebook! Watch us on YouTube! Stumble Us!

Advertising

Next Free Forex Webinar

Free Market Commentaries

Advertising

Blog Archive

Forex Links

Educational Partners

The Geek Knows
AgriMoney.com
Traders' Magazine

Finance Blogs Blogarama - The Blog Directory