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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 – 19th to 23rd Feb 2018

  Technical Outlook: The euro currency posted a strong reversal mid-week as price broke past the resistance level near 1.2362 – 1.2331 with strong conviction. The breakout resulted in the EURUSD rising to post a fresh three year high at 1.2550. However, the gains were limited as the currency pair was seen giving up the […]

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EURUSD Weekly Forex Forecast – 12th to 16th Feb 2018

Technical Outlook: The EURUSD posted a steady decline after price action failed to break past the highs of 1.2496 previously. The decline saw the euro currency falling with price likely to extend the declines to the first target level of 1.2070. In the near term, we expect to see a short term pull back in […]

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EURUSD Weekly Forex Forecast – 5th to 9th Feb 2018

Technical Outlook: The EURUSD extended gains last week to touch the previous highs at 1.2496 marking a retest of the previous top of the bullish flag pattern. However, the failure to breakout above this level indicates weakness to the upside. We expect to see EURUSD post declines on the invalidation of the bullish flag pattern. […]

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EURUSD Weekly Forex Forecast – 29th Jan to 2nd Feb 2018

Technical Outlook: The EURUSD rose to a fresh 4-year high last week as the U.S. dollar weaked and the ECB’s monetary policy did saw the central bank leaving monetary policy unchanged. However, the brief rally was quickly met with price retracement. By Friday’s close, EURUSD was seen consolidating near the 1.2423 level. We expect this […]

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EURUSD Weekly Forex Forecast – 22nd to 26th Jan 2018

Technical Outlook: The EURUSD continued to rally last week with prices briefly trading above the 1.2284 level. However, the EURO settled below this level as it is evident that resistance has been formed. With the ECB’s meeting due this week, the EURUSD could be seen pushing lower in the near term. Support is seen at […]

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EURUSD Weekly Forex Forecast – 15th to 19th Jan 2018

Technical Outlook: EURUSD posted strong gains last week closing at 1.2196. Price action suggests further upside gains in the currency pair. However, a near term dip towards the previously established resistance level at 1.2070 could be seen as a correction. Establishing support at this level could signal further renewed buying in the currency pair targeting […]

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EURUSD Weekly Forex Forecast – 8th to 12th Jan 2018

Technical Outlook: The EURUSD extended the gains above 1.20 handle with price trading comfortably above this level. The price level marked the completion of the bullish flag pattern upside target. We expect to see the bullish momentum fading near these highs. The support level at 1.20 handle will be important for price action. We expect […]

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EURUSD Weekly Forex Forecast – 1st to 5th Jan 2018

Technical Outlook: The EURUSD ended last week on a high as the currency pair was seen rising to a 3-month high. Price action touched the previous highs formed near 1.20 and the rally marked the completion of the bullish flag pattern that was identified in last week’s commentary. Following the rally to the 1.20 handle, […]

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EURUSD Weekly Forex Forecast – 25th to 29th Dec 2017

Technical Outlook: The EURUSD posted a modest rally from the previous week as price action was seen trading near the resistance level of 1.1850. On the 4-hour chart, we notice the potential bullish flag pattern that has formed. The upside bias increases as we see that price action is supported above the 1.1850 level. In […]

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EURUSD Weekly Forex Forecast – 18th to 22nd Dec 2017

Technical Outlook: The EURUSD managed to briefly test the resistance level near 1.1850 before closing lower. The downside price action is expected to be limited to the support level at 1.1721 which was briefly tested previously. The EURUSD is also showing signs of a head and shoulders pattern with the neckline support seen at 1.1721. […]

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