EURUSD Weekly Forex Forecast Archives - Advanced Forex Strategies

EURUSD Weekly Forex Forecast

EURUSD Weekly Forex Forecast - 16th to 20th Jan 2017

EURUSD Weekly Forex Forecast – 16th to 20th Jan 2017

Technical Outlook: EURUSD broken above the 1.0600 handle last week. On the 4-hour chart, price action is seen trading above the resistance level at 1.0615 – 1.0595. As long as this price level holds and support is confirmed here, EURUSD could be looking at further gains in the near term,Read More

EURUSD Weekly Forex Forecast - 9th to 13th Jan 2017

EURUSD Weekly Forex Forecast – 9th to 13th Jan 2017

Technical Outlook: EURUSD continues to maintain the sideways range with last week seeing price action posting a strong reversal off the support at 1.0367 to reach highs near 1.0600. Looking at how price action is forming on the 4-hour chart and the support that has formed near 1.0367, EURUSD isRead More

EURUSD Weekly Forex Forecast - 2nd to 6th Jan 2017

EURUSD Weekly Forex Forecast – 2nd to 6th Jan 2017

Technical Outlook: EURUSD rallied above 1.05200 resistance level and Friday’s price action shows prices dipping back to this level. The weekly chart shows a bullish follow through after the doji pattern from the week before which could indicate near term upside. EURUSD could remain range bound between 1.0520 and 1.0400Read More

EURUSD Weekly Forex Forecast - 26th to 30th Dec 2016

EURUSD Weekly Forex Forecast – 26th to 30th Dec 2016

Technical Outlook: EURUSD was trading flat last week with price action ranging between the 1.0520 resistance and 1.0400 support. The bias for the short term is flat and will shift to the upside on a close above the resistance level of 1.0520. In this case, further gains can be expectedRead More

EURUSD Weekly Forex Forecast - 19th to 23rd Dec 2016

EURUSD Weekly Forex Forecast – 19th to 23rd Dec 2016

Technical Outlook: As noted in last week’s commentary EURUSD fell below 1.0400 support last week but only briefly as prices were rejected strongly below this level. The 4-hour chart on EURUSD has been consolidating into a descending wedge pattern which could signal a potential change of trend in the shortRead More

EURUSD Weekly Forex Forecast - 12th to 16th Dec 2016

EURUSD Weekly Forex Forecast – 12th to 16th Dec 2016

Technical Outlook: EURUSD briefly rallied above 1.0850 but the failure to post gains above this level failed as the single currency fell back to the previous lows below 1.0600. Price action is likely to remain consolidating above 1.0518 in the near term. With the Fed’s meeting coming up next week,Read More

EURUSD Weekly Forex Forecast - 5th to 9th Dec 2016

EURUSD Weekly Forex Forecast – 5th to 9th Dec 2016

Previous EURUSD Weekly Forex Forecast Technical Outlook: EURUSD has been broadly flat last week and as mentioned, price was trading within the 1.0585 – 1.0518 price zone. By Friday, EURUSD managed to close above this level. The risks to the upside increases into a new week but Friday’s doji closeRead More

EURUSD Weekly Forex Forecast - 28th Nov to 2nd Dec 2016

EURUSD Weekly Forex Forecast – 28th Nov to 2nd Dec 2016

Previous EURUSD Weekly Forex Forecast Technical Outlook: In last week’s commentary we noted that EURUSD would be likely to make a reversal near 1.0518 region. Price fell to this level on Thursday and by Friday we saw a bullish reversal later the Thursday’s doji pattern. This will indicate a nearRead More

EURUSD Weekly Forex Forecast - 21st to 25th Nov 2016

EURUSD Weekly Forex Forecast – 21st to 25th Nov 2016

  Previous EURUSD Weekly Forex Forecast Technical Outlook: EURUSD posted one of the longest losing streaks with 10 consecutive days of declines posting a fresh 52-week low at 1.0568 last week. Price action is close to trading near a 2-year low of 1.0518 following the downside breakout in prices. WithRead More

EURUSD Weekly Forex Forecast - 14th to 18th Nov 2016

EURUSD Weekly Forex Forecast – 14th to 18th Nov 2016

Technical Outlook: EURUSD was volatile last week as prices at one point tested highs of 1.1260 before giving up is gains and closing the week lower. Price has found support at 1.0850 this week and we can expect to see some consolidation in the near term. The daily chart onRead More