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EUR/USD Weekly Forecast 22 Feb 16

EUR/USD Weekly Forecast 22 Feb 16
Sunday, February 21st, 2016 @ 3:40 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 made an attempt to test the upper bollinger band as expected. This was as per our forecast and many of our readers benefited.

The EUR/USD was above 1.12 and below the upper bollinger band. This would be the immediate support and resistance levels. Further bullish momentum might see 1.14 should the upper bollinger band fail.

A bearish recovery could see 1.1 tested.

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Technical Analysis

Looking at the chart above, we could see that the bulls eased off for the week. The range was limited from a technical point of view.

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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