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Category Archives for "EURUSD Weekly Forex Forecast"

Every week we recap the previous week and forecast the following week where we think the EURUSD will be heading in our EURUSD Weekly Forex Forecast. We know you will like our short but concise EURUSD analysis.

EURUSD Weekly Forex Forecast – 26th to 30th June 2017

Technical Outlook: EURUSD rallied to the resistance level of 1.1200 by Friday’s close. This suggests that near term downside is likely to prevail in the EURUSD with the previous support tested at 1.1126 likely to be tested in the near term. Further downside can be seen coming on a break down below this support at […]

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EURUSD Weekly Forex Forecast – 19th to 23rd June 2017

Technical Outlook: EURUSD managed to recover the FOMC induced losses on Friday as price action closed at $1.1197. This near term retracement coincides with the resistance level of 1.1200 – 1.1197. A reversal off this level could signal a continuation to the downside. However, a close above this level will see EURUSD continue to push […]

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EURUSD Weekly Forex Forecast – 12th to 16th June 2017

Technical Outlook: The inverse head and shoulders pattern which signals continuation in an uptrend was invalidated last week. Despite price breaking out above the neckline resistance at 1.1248 – 1.1250, EURUSD slipped back to close below 1.1200. This suggests a near term decline to the downside. From the 4-hour chart it is evident that EURUSD […]

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EURUSD Weekly Forex Forecast – 5th to 9th June 2017

  Technical Outlook: EURUSD continued with further gains last week and the bullish momentum is only set to strengthen further with this week’s ECB meeting. On the 4-hour chart, EURUSD has formed an inverse head and shoulders pattern and this will keep the bullish bias intact. On Friday, EURUSD broke past the previous highs formed […]

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EURUSD Weekly Forex Forecast – 29th May to 2nd June 2017

Technical Outlook: EURUSD rallied above 1.1200 last week but price action failed to hold on to the gains above this level for long. As a result, EURUSD closed below 1.1200 on Friday. We expect to see further downside only below 1.1150 which will potentially put the euro on track to testing the 1.0950 support level. […]

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EURUSD Weekly Forex Forecast – 22nd to 26th May 2017

Technical Outlook: EURUSD broke past the 1.0950 resistance level and extended one of the strongest weekly gains. By Friday’s closed, EURUSD breached 1.1200 level. However, the gains are unlikely to be supported at this level considering that most of the gains came on account of investor sentiment to the U.S. administrative policies than economic data. […]

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EURUSD Weekly Forex Forecast – 15th to 19th May 2017

Technical Outlook: EURUSD broke out from the rising wedge pattern as noted last week and fell to 1.0850 where a minor support level developed. This led to prices bouncing back on Friday and the EURUSD is now within reach of testing the break out level at 1.0950. This reversal is ideal to renew short positions […]

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EURUSD Weekly Forex Forecast – 8th to 12th May 2017

Technical Outlook: EURUSD maintained its bullish track last week as prices broke above the 1.0950 handle and is now within reach of testing the $1.1000 price level. The gains in the euro came on hawkish comments from ECB officials who said that interest rates could begin to rise if the Eurozone recovery continues at the […]

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EURUSD Weekly Forex Forecast – 1st to 5th May 2017

Technical Outlook: EURUSD posted strong gains from the start of the week following last Sunday’s French elections. With less than a week to go for the second and final round of voting, the EURUSD could be looking to take a breather. Besides the French elections, last week saw the Euro react to the ECB’s meeting […]

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EURUSD Weekly Forex Forecast – 24th to 28th April 2017

Technical Outlook: EURUSD rallied off the support near 1.063 – 1.0610 and reached the target of 1.0770 before turning lower by Friday’s closed. With the French elections on Sunday, EURUSD will be without a doubt opening with a gap. It will depend on the outcome of the elections, as there is chance for an upside […]

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