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

Technical Outlook: EURUSD was trading in the range and within the support and resistance levels that were mentioned lasted week. Price bounced off 1.11450 support to briefly rise to the resistance at 1.1260 – 1.1250 before pulling back lower. The 4-hour head and shoulders pattern is weakening meaning that prices could now reverse higher. If […]

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

Technical Outlook: EURUSD retraced to 1.1260 – 1.1250 as mentioned last week and price action broke through the head and shoulders neckline which saw the declines accelerating. By Friday’s close EURUSD closed at 1.1150 and is just a few pips away from the 1.1145 – 1.1140 support level. If EURUSD breaks this level in the […]

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

Technical Outlook: Last week’s analysis we mentioned about EURUSD retracing to 1.1300. As expected, the ECB meeting sent the euro briefly higher but soon enough prices fell back sharply. The price action on the 4-hour EURUSD chart shows a potential head and shoulders pattern in the making, which could be very bearish for the euro. […]

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

Technical Outlook: EURUSD has been testing the 1.1150 – 1.1130 support level with Friday’s price action sending prices back to this support level. In the process, EURUSD has been consolidating inside a wedge pattern. As long as support at 1.1150 – 1.1130 holds, watch for a potential upside in EURUSD this week. Following a breakout […]

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EURUSD Weekly Forex Forecast – 29th Aug to 2nd Sept 2016

EURUSD Weekly Forex Forecast – 29th Aug to 2nd Sept 2016 Technical Outlook: EURUSD has broken the trend line and the horizontal support at 1.1230 – 1.1200. The declines could be extended to the next support at 1.1139. Look for a near term pullback to the price zone of 1.1230 – 1.1200 to go short. […]

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EURUSD Weekly Forex Forecast – 22nd Aug to 26th Aug 2016

Technical Outlook: EURUSD posted an 8-week high last week near 1.1360 before pulling back by Friday’s close. Major resistance is seen at 1.1389 but we expect EURUSD to pull back towards the support at 1.1230 – 1.1200 before we can expect further gains. Alternately, a continued bullish momentum could keep EURUSD rising towards the resistance […]

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EURUSD Weekly Forex Forecast – 15th Aug to 19th Aug 2016

Technical Outlook: EURUSD has moved into a ranging pattern for the most part of this year. On the smaller time frame, the sideways pattern is more evidenced by the resistance price level at 1.120 and the support price level at 1.10. On the 4-hour chart, Friday saw a retest of the falling trend line, formed […]

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