EURUSD Weekly Forex Forecast Archives - Advanced Forex Strategies

EURUSD Weekly Forex Forecast

EURUSD Weekly Forex Forecast - 20th to 24th Mar 2017

EURUSD Weekly Forex Forecast – 20th to 24th Mar 2017

Technical Outlook: EURUSD closed the week hovering near 1.0750 level as mentioned in last week’s analysis. Price action could remain flat near the current levels as we expect a minor decline in the near term. Support level at 1.0630 – 1.0610 will be of importance as a break down belowRead More

EURUSD Weekly Forex Forecast - 13th to 17th Mar 2017

EURUSD Weekly Forex Forecast – 13th to 17th Mar 2017

Technical Outlook: EURUSD was bullish as expected, but not before prices slipped below 1.0567 support level. Ideally that move would have flushed out potential long positions before the rally. With prices closing near 1.0673 on Friday, expect to see some short term declines in EURUSD back towards 1.0610 support levelRead More

EURUSD Weekly Forex Forecast - 6th to 10th Mar 2017

EURUSD Weekly Forex Forecast – 6th to 10th Mar 2017

Technical Outlook: EURUSD broke out from 1.0567 resistance level on Friday and prices broke out from the falling trend line since early February. Expect to see a minor retracement/pull back towards 1.0567 following which further gains can be expected. The next main resistance sits at 1.0673, followed by a moveRead More

EURUSD Weekly Forex Forecast - 27th Feb to 3rd Mar 2017

EURUSD Weekly Forex Forecast – 27th Feb to 3rd Mar 2017

Technical Outlook: EURUSD has posted declines for three consecutive weeks so far with price action hovering near the 50% mark at 1.0584 from the lows of 1.0340 from 03 January and the highs of 1.0828 from 02 February. On the 4-hour chart, EURUSD is seen consolidating within a potential descendingRead More

EURUSD Weekly Forex Forecast - 20th to 24th Feb 2017

EURUSD Weekly Forex Forecast – 20th to 24th Feb 2017

Technical Outlook: EURUSD attempted to rally off 1.0520 but the bounce was short-lived as prices quickly reversed back lower to a few pips above 1.0600 support. We expect to see further declines towards 1.0600, with th 4-hour Stochastics showing a hidden bearish divergence on the charts. Watch for the previousRead More

EURUSD Weekly Forex Forecast - 13th to 17th Feb 2017

EURUSD Weekly Forex Forecast – 13th to 17th Feb 2017

Technical Outlook: After the EURUSD posted a doji near the resistance level of 1.0820, price action fell sharply lower in a steady trend that saw lower lows and lower highs. Price close just a few pips above 1.0600 support level and any bounce off the current levels remains a sellRead More

EURUSD Weekly Forex Forecast - 6th to 10th Feb 2017

EURUSD Weekly Forex Forecast – 6th to 10th Feb 2017

Technical Outlook: EURUSD closed below 1.0700 last week which signals the downside correction towards 1.0600 initially. The price action shows a bearish breakout from the rising wedge/triangle pattern with the final sessions on Friday showing a modest retest to the breakout level of the rising wedge pattern. As long asRead More

EURUSD Weekly Forex Forecast - 30th Jan to 3rd Feb 2017

EURUSD Weekly Forex Forecast – 30th Jan to 3rd Feb 2017

Technical Outlook: EURUSD closed below 1.0700 last week which signals the downside correction towards 1.0600 initially. The price action shows a bearish breakout from the rising wedge/triangle pattern with the final sessions on Friday showing a modest retest to the breakout level of the rising wedge pattern. As long asRead More

EURUSD Weekly Forex Forecast - 23rd to 27th Jan 2017

EURUSD Weekly Forex Forecast – 23rd to 27th Jan 2017

Technical Outlook: EURUSD has been trading within 1.0700 and 1.0600 last week with another brief test to the support level at 1.0615 – 1.0600. However, this multiple bounce to the support has failed to bring any significant new highs in prices. The bullish flag pattern remains in play although thereRead More

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