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EUR/USD

February 8th, 2016 @ 3:48 pm by The Geek

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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.

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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 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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January 17th, 2016 @ 4:22 pm by The Geek

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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 did attempt to test 1.08 but the support held. The middle bollinger band worked again. Looking at the momentum, we could conclude that the middle bollinger band resistance was strong. In the upcoming week, we would need to observe the price action in this region. A clean breach might open up the upper limits at 1.12 and 1.14.

Should the bearish momentum return to test 1.08, failure of the support would open up the lower bollinger band as an extended bearish target.

In the previous AUD/USD forecast we noted that the currency pair was bearish. The momentum was strong and it breached the lower bollinger band.

The AUD/USD was testing the support of 0.6950. Should the currency pair continued to develop below the lower bollinger band, we might see further bearish momentum. A failure of the 0.6950 support might see the AUD/USD targeting the bearish target of 0.68.

A bullish return would need to overcome the lower bollinger band. It was a possible resistance region.

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Technical Analysis

Looking at the EUR/USD weekly chart above we note that the currency had once again failed to breach the middle bollinger band. It was a doji for the week.

Don’t miss the full forecast. Continue on to TheGeekKnows.com for the full technical analysis and the fundamental analysis to understand more about the underlying market sentiments.

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January 10th, 2016 @ 3:27 pm by The Geek

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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 bearish for the week. The middle bollinger band was effective as a resistance.

The EUR/USD is range bounded between 1.08 and 1.1020. No doubt any bearish or bullish momentum would need to breach the respective support and resistance.

As a new year begins, close monitoring of the shorter timeframes is recommended to determine the price action. We can use the lower and upper bollinger bands as possible extended targets.

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Technical Analysis

Looking at the EUR/USD weekly chart above we note that the currency pair was bullish for the week. It did attempt to test 1.08 but the support held. Our middle bollinger band worked again.

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.

Click here to read the full article.

January 6th, 2016 @ 2:41 pm by The Geek

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

Good day readers.

In the previous EUR/USD forecast we noted that the currency pair tested the middle bollinger band again as per our previous forecast. The 1.1 region was shaping out to be a strong resistance. Having said so we need to monitor the shorter timeframe to observe as nothing is forever.

Should the resistance fail, we might see an attempt to achieve 1.12 by the bullish traders. Bearish recovery would likely target the 1.08 support region.

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Technical Analysis

Looking at the EUR/USD weekly chart above we note that the currency pair was bearish for the week. The middle bollinger band was effective as a resistance. This is the fifth week that our technical analysis worked. :)

Don’t miss the full forecast. Continue on to TheGeekKnows.com for the full review.

Click here to read the full article.

December 6th, 2015 @ 3:30 pm by The Geek

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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 continued to be bearish for the week as expected. It achieved the bearish target of 1.06.

The price action was now just above the lower bollinger band. We would need to observe if the resistance turned into a support region. Any bullish recovery might aim for 1.08.

Due to the fundamental uncertainty, it was advised that staying out of the market may be a prudent decision at times.

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Technical Analysis

Looking at the EUR/USD weekly chart above we note that the currency pair was bullish for the week. The lower bollinger band did hold as a support.

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

Click here to read the full article.

November 29th, 2015 @ 3:12 pm by The Geek

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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 bearish for the week. It remained capped by the lower bollinger band as expected. The bollinger bands were widening and this suggested that the momentum was gaining. Bearish targets remained at 1.06 / 1.05 and 1.045.

Fundamental developments also indicated possible US dollar strength.

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Technical Analysis

Looking at the EUR/USD weekly chart above we note that the currency pair continued to be bearish for the week as expected. It achieved the bearish target of 1.06.

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.

Click here to read the full article.

November 22nd, 2015 @ 3:15 pm by The Geek

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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. However it was capped by our lower bollinger band. The narrow range for the week suggested that the price action was limited. There was nothing to indicate that the bearish trend was over and hence the previous bearish target of 1.05 remained.

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Technical Analysis

Looking at the EUR/USD weekly chart above we note that the currency pair was bearish for the week. It remain capped by the lower bollinger band as expected.

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.

Click here to read the full article.

November 15th, 2015 @ 3:46 pm by The Geek

Click here to read the full article.

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 again bearish for the week. It went below the lower bollinger band.

The bearish targets of 1.09 and 1.08 were achieved. If the price action remained below the lower bollinger next week, we might be looking at an extended bearish target of 1.05. Any bullish recovery return would likely see action at 1.08 and 1.09. The lower bollinger band had turned into a resistance region too.

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Technical Analysis

Looking at the EUR/USD weekly chart above we note that the currency pair was bullish for the week. Having said so it was capped by our lower bollinger band as expected.

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.

Click here to read the full article.

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