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EUR/USD Weekly Forecast 8 Feb 16

EUR/USD Weekly Forecast 8 Feb 16
Monday, February 8th, 2016 @ 3:48 pm by The Geek

Full Release at 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 currency pair remained capped by the middle bollinger band. This had been the situation for about two months. This is one of the reason why we believe that bollinger bands are one of the most useful technical indicators for forex.


Technical Analysis

Looking at the EUR/USD weekly chart above we note that the currency pair was bullish for the week. It had breached through the strong resistance of the middle bollinger band.

Don’t miss the full forecast. Continue on to 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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