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EUR/USD Forecast 13 Jun 13

EUR/USD Forecast 13 Jun 13
Thursday, June 13th, 2013 @ 2:55 pm by The Geek

Simultaneous Release at 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 might target the 1.3380 line. Any bearish pressure might see it down towards the middle of the bollinger bands.


Technical Analysis

Looking at the EUR/USD 4 hourly chart above we note that the currency pair is currently testing the immediate support of the middle of the bollinger bands. Earlier on the EUR/USD did test the resistance of 1.3380 as mentioned too. It is definitely flattering when the currency pair moved as per our forecast.

Continued bearish pressure may see the EUR/USD test 1.3240. Should the bullish momentum returns, a test of the 1.3380 resistance might be expected.

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

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