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EUR/USD

July 5th, 2015 @ 4:19 pm by The Geek

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Good day koala forex traders!

In the previous EUR/USD forecast we noted that the currency pair was bearish for the week. The strong resistance of 1.14 held. The immediate support of 1.12 was overwhelmed and the currency pair went on to approach the 1.11 extended bearish target. Should the 1.11 support fail, we might be looking at an extended bearish target of 1.08. Bullish recovery if any would probably need to test the immediate support turned resistance of 1.12 followed by 1.14.

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Technical Analysis

Looking at the EUR/USD weekly chart above we note that the currency pair recovered from a forex gap and is now back at 1.11. I love it when my support and resistance analysis works :)

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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June 28th, 2015 @ 2:29 pm by The Geek

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Good day everyone.

In the previous EUR/USD forecast we noted that the currency pair tested the 1.14 resistance again. It did not manage to breach the resistance but it closed the week higher than the previous week. The EUR/USD was showing bullish indications but remained capped by 1.14. Should any bearish correction happen, the middle bollinger band might function as an immediate support at 1.12. An extended bearish target would likely be 1.1.

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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 failed to breach the strong resistance of 1.14.

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.

June 21st, 2015 @ 4:40 pm by The Geek

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Good day forex traders and readers.

In the previous EUR/USD forecast we noted that currency pair reacted as expected. It failed to breach the strong resistance of 1.14 and was testing the region of 1.12 which was the middle bollinger band. Should the currency pair gain bullish momentum, the next resistance would likely be 1.14 again. We would need a clear breach of this region before expecting any further bullish momentum.

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Technical Analysis

Looking at the EUR/USD weekly chart above we note that the currency pair tested the 1.14 resistance again. It did not manage to breach the resistance but closed the week higher than the previous week.

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.

June 14th, 2015 @ 3:26 pm by The Geek

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Good day forex traders and readers.

In the previous EUR/USD forecast we noted that the currency pair tested the 1.14 resistance and failed to gain a foothold. It eased back to to the 1.11 support and resistance region as mentioned previously.

The technical situation was tricky as the currency pair might be consolidating. Bullish momentum would need to take note of possible resistance at the middle bollinger band at 1.12 and the major support and resistance region at 1.14. Bearish momentum would likely see support at 1.10 and later at the supportive region of 1.08.

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Technical Analysis

Looking at the EUR/USD weekly chart above we note that the currency pair reacted as expected. Just like clockwork, the EUR/USD failed to breach the strong resistance of 1.14 and is now testing the region of 1.12 which is 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.

Click here to read the full article.

June 7th, 2015 @ 3:11 pm by The Geek

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Good day forex traders and readers.

In the previous EUR/USD forecast we noted that the currency pair did not manage to clear the middle bollinger band. It had since turned bearish and dipped below 1.1 which is a significant support and resistance area.

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Technical Analysis

Looking at the EUR/USD weekly chart above we note that the currency pair tested the 1.14 resistance and failed to gain a foothold. It has since eased back to to the 1.11 support and resistance region as mentioned previously.

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.

June 1st, 2015 @ 5:33 pm by The Geek

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Good day forex traders and readers.

In the previous EUR/USD forecast we noted that the currency pair did indeed achieve the bullish target of 1.14. The current price action was in the region of the middle bollinger band and hence we had to be mindful of any effect on the currency pair.

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Technical Analysis

Looking at the EUR/USD weekly chart above we note that the currency pair did not manage to clear the middle bollinger band. It had since turned bearish and dipped below 1.1.

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.

May 17th, 2015 @ 4:02 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 and readers.

In the previous EUR/USD forecast we noted that currency pair did push further due to the bullish uplift. It tested the 1.14 region as expected in our forecast and had since eased off to the 1.12 resistance and support region. This was expected too from our previous forecast. 1.12 might function as a pivot with bullish momentum targeting 1.14 again.

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Technical Analysis

Looking at the EUR/USD weekly chart above we note that the currency pair did indeed achieve the bullish target of 1.14. Once again congratulations to our readers. While our forecasts are right on the dot recently, it is my responsibility to remind you that forex is never 100%. Always practice proper money management.

Don’t miss the full forecast. Continue on to TheGeekKnows.com for the full technical analysis and also 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.

May 10th, 2015 @ 2:03 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 and readers.

In the previous EUR/USD forecast we noted that the currency pair was testing the middle bollinger band which happened to be the 1.12 region too. I felt that some resistance might exist although further bullish momentum would probably seek 1.14.

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Technical Analysis

Looking at the EUR/USD weekly chart above we note that the currency pair did push further due to the bullish uplift. It tested the 1.14 region as expected in our forecast and had since eased off to the 1.12 resistance and support region. This was expected too from our previous forecast and hence I love it when my forecast works!! Especially if it is a double 😉 .

1.12 may function as a pivot for now with bullish momentum targeting 1.14 again and bearish recovery seeking out 1.10. Drop down to shorter timeframes on the EUR/USD chart to monitor the price action closely.

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