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EUR/USD

May 3rd, 2015 @ 5:20 pm by The Geek

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Good day forex traders and readers.

In the previous EUR/USD forecast we noted that the range was tighter than usual. The extended bullish target of 1.1 was in sight. We noted that the bottom bollinger band was turning flat and hence we need to monitor closely. This region might become an area of consolidation or even turn bullish.

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Technical Analysis

Looking at the EUR/USD weekly chart above we note that the currency pair did turn bullish as expected. In fact it was a forex spike. The extended bullish target of 1.11 was achieved and a number of readers wrote it about their successes. Well done and just do remember your proper money management as nothing in forex is 100% !

We can see above that the EUR/USD is testing the middle bollinger band which happens to be the 1.12 region too. I am inclined to believe that some resistance may exist but on the other hand this bullish run up was quite intense. This calls for close monitoring of the price action.

Further bullish momentum will probably seek 1.14 while bearish recovery is likely to test the resistance turned support of 1.11 followed by 1.10.

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continue on to TheGeekKnows.com for the fundamental analysis of the EUR/USD Forecast Weekly Review to understand more about the underlying market sentiments.

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April 26th, 2015 @ 3:36 pm by The Geek

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Good day forex traders and readers.

In the previous EUR/USD forecast we noted a bearish stance and the support was at 1.0550. Further bearish pressure would target 1.0330 although should the EUR/USD attempted to recover, 1.078 might offer resistance followed by 1.1.

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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 although the range was tighter than usual. The extended bullish target of 1.1 is in sight.

Any bearish recovery will likely seek to target 1.078. Having said so, the bottom bollinger band is turning flat and hence we need to monitor closely. This region may become an area of consolidation.

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.

April 20th, 2015 @ 2:23 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 dipped sharply for the week. 1.0780 was achieved and the EUR/USD stretched further. The bottom bollinger band would likely be an extended bearish target at 1.0330. Any bullish recovery would likely test 1.0780 followed by 1.1.

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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. 1.078 was tested as expected but the EUR/USD failed to breach it.

We are noting a bearish stance for now and the support lies at 1.0550. Further bearish pressure will target 1.0330. Should the EUR/USD attempt to recover, 1.078 will probably offer resistance followed by 1.1.

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.

April 12th, 2015 @ 5:07 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 test 1.1 as expected. The resistance held and the EUR/USD ended the week just shy of it. Should the bullish momentum continue, we might expect a target of 1.1180. A bearish return would likely seek to reach 1.0780.

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Technical Analysis

Looking at the EUR/USD weekly chart above we note that the currency pair dipped sharply for the week. 1.0780 was achieved and the EUR/USD stretched further.

The bottom bollinger band will likely be an extended bearish target. It is now 1.0330. Any bullish recovery will likely test 1.0780 followed by 1.1.

The long term momentum remains bearish.

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.

April 7th, 2015 @ 3:42 pm by The Geek

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Good day forex traders and readers.

I wanted to do a quick update on the current price action of the EUR/USD and I hope everyone is in the green so far. With the Easter holiday over, increased volumes may bring us some movement.

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Technical Analysis

Looking at the EUR/USD daily chart above we note that the currency pair is bearish so far for the week.

The currency pair is now at the middle of the bollinger bands and this suggests possible consolidation. Our immediate support and resistance levels will be 1.0780 and 1.1020 respectively. The top and bottom bollinger bands will likely serve as extended targets.

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

Click here to read the full article.

April 5th, 2015 @ 2:49 pm by The Geek

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Good day forex traders and readers.

In the previous EUR/USD forecast we noted that 1.1 would likely be a bullish target and if it was achieved, we might be looking at an extended target of 1.12. As far as bearish targets were concerned, the EUR/USD would need to overcome parity first.

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Technical Analysis

Looking at the EUR/USD weekly chart above we note that the currency pair did test 1.1 as expected. The resistance held and the EUR/USD ended the week just shy of it.

Should the bullish momentum continue, we may expect a target of 1.1180. A bearish return will likely seek to reach 1.0780.

We see the current level as a test of the bearish weekly channel too and hence caution is advised.

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.

March 29th, 2015 @ 3:23 pm by The Geek

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Simultaneous 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 1.1 would likely be a bullish target and if it is achieved, we might be looking at an extended target of 1.12. As far as bearish targets were concerned, the EUR/USD would need to overcome parity first.

(null)

Technical Analysis

Looking at the EUR/USD daily chart above we note that the currency pair is in a relatively narrow range for the week. While it did test the 1.1 as expected, it did not manage to clear it.

The failure to breach the resistance of 1.1 had sent the currency pair easing down towards the middle line of the bollinger bands. In the near term, it is unlikely to predict the movement of the EUR/USD although the long term trend remains bearish.

The middle line may serve as a pivot with both edges of the bollinger bands as resistance and support respectively. An extended bearish target will be 1.0500.

Don’t miss the fundamental analysis
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.

March 15th, 2015 @ 3:50 pm by The Geek

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Simultaneous 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 tested the support of 1.11 as expected. The current technical situation suggested a possible bearish drive to parity. EUR/USD at 1.0 is likely a major psychological support and hence we may expect resistance. The extended bearish target would be 0.98 although this was very much uncertain for now. Resistance targets would have us aiming for 1.12 first.

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Technical Analysis

Looking at the EUR/USD daily chart above we note that the currency pair did edge lower towards 1.0. Having said so, as expected we noted significant support pressure.

The middle of the bollinger bands is likely to serve as an immediate resistance and it sits around 1.1065.

Should the continued bearish momentum achieve 1.0, we may be looking at 0.98. However as mentioned previously, bullish support may be of a challenge.

Don’t miss the fundamental analysis
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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