Monday, March 30, 2015

Sunday, March 29, 2015

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EURUSD Weekly Trading Forecast March 30, 2015


EURUSD Technical Outlook- It show that EURUSD is trying to recover by some bullish movement and it is bouncing form a short term support 1.0550 that was created March 2003. Now some more bullish recovery movement is expected targeting the resistance level 1.1150. The level if 1.1150 



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Sunday, March 15, 2015

EURUSD Weekly Forecast 16 March 2015

EURUSD Weekly Forecast 16 March 2015

 

EURUSD Technical Outlook-

It shows EURUSD is still maintaining a strong bearish bias. Our last week target was 1.0550 as this was a level of support that  hit and break as well and continuing to the bearish movement. More bearish movement is expected now targeting 1.0150 as this is a support level that was created on July 2007.

On Fundamental View Point

USD seems to be remaining strong as their economy is going well with the rising of stock and the oil price is dropping respectively. On the other hand, there is no clear sign on EURO strength. So, further bearish movement can be expected.

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Sunday, March 8, 2015

EURUSD Weekly Trading Forecast March 09, 2015

EURUSD Technical Outlook-

It shows that EURUSD is resuming bearish movement after a consolidation. Last week it has broken short term support at 1.1100. Now more bearish movement is expected targeting 1.0550.

On Fundamental View Point

The USD is seems to be strong on fundamental view. Recent fundamental data including NFP result is quite hawkish for usd and the stock and bond market is seems to be rising. On the other hand EURO is seems to be weak from the recent fundamental data. So, further bearish movement can be expected on EURUSD.

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