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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 – 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 close is something to consider as […]

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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 near term bias to the upside […]

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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. With the downtrend established, EURUSD remains […]

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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 on EURUSD shows the Stochastics currently […]

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EURUSD Weekly Forex Forecast – 7th to 11th Nov 2016

Technical Outlook: EURUSD closed Friday at 1.1141, slightly higher than the resistance target level of $1.1124 that we mentioned in last week’s commentary. Looking ahead, the currency markets remain volatile with the US elections coming up this week. Looking ahead, the 4-hour chart shows the Stochastics likely pointing to a bearish divergence which could see […]

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EURUSD Weekly Forex Forecast – 31st Oct to 4th Nov 2016

Technical Outlook: The euro posted impressive gains last Friday on the back of the US GDP report which came out stronger than expected. In last week’s analysis we reminded traders that the EURUSD was bullish but to wait for a reversal confirmation such as a doji on the daily chart to go long targeting $1.1000. […]

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EURUSD Weekly Forex Forecast – 24th to 28th Oct 2016

  Technical Outlook: EURUSD broke down below the 1.0900 barrier last week as mentioned in last week’s commentary. The declines came after EURUSD failed to retrace to the 1.1140 resistance level and instead rallied only to 1.1000 before giving up its gains. The strong declines now mark a three week losing streak as 1.0850 remains […]

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EURUSD Weekly Forex Forecast – 17th to 21st Oct 2016

  Technical Outlook: EURUSD saw a strong decline last week with prices failing to even test the 1.1200 resistance level, reversing just a few pips below the round number. The declines saw prices breaking down below 1.1100 and even testing 1.1000 psychological support. However, there is evidence that the downside is now limited as we […]

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EURUSD Weekly Forex Forecast – 10th to 14th Oct 2016

  Technical Outlook: As mentioned last week, EURUSD reached the downside target to the support level of 1.1145 – 1.1140, briefly falling below lower during the week but managing to recover by Friday. The medium term range between 1.1260 – 1.1250 which acts as resistance and the current support at 1.1145 – 1.1140 remains in […]

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EURUSD Weekly Forex Forecast – 3rd to 7th Oct 2016

Technical Outlook: EURUSD continues to remain consolidating below 1.1260 – 1.1250 resistance level. Price action is trading flat on the daily and weekly sessions and this is likely to continue into the medium term. If prices reverse near 1.1260 – 1.1250 resistance, expect another leg to the downside for prices to test lower support near […]

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