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EUR/USD Weekly Forecast 15 Feb 16

EUR/USD Weekly Forecast 15 Feb 16
Sunday, February 14th, 2016 @ 3:28 pm by The Geek

Full Release at TheGeekKnows.com Learn Forex Trading and read exclusive EUR/USD Forecast and AUD/USD Forecast Reviews.
Good day forex traders.

In the previous EUR/USD forecast we noted that the currency pair was bullish for the week. It breached through the strong resistance of the middle bollinger band.

It tested the region of 1.12 and this was a strong bullish indicator. It was important to pay close attention to the price action. 1.12 needed to fall before the extended target of the upper bollinger band could be considered. Immediate support would likely be the resistance turned support bollinger band. This happened to be the strong support and resistance region of 1.0.

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Technical Analysis

Looking at the EUR/USD weekly chart above we note that the currency pair made an attempt to test the upper bollinger band as expected. This is once again a clockwork forecast and I hope our readers benefited. :)

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

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