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Forex Forecast For EURUSD, GBPUSD, USDCAD, USDJPY - Thursday, April 27
Yesterday, the correction was observed on EUR/USD. In the Asian trading session, the trading was calm. The ECB meeting will take place today. Most experts believe that the regulator will leave interest rates unchanged.
Forex Forecast For EURUSD, GBPUSD, USDCAD, USDJPY - Wednesday, April 26
Yesterday the euro continued to strengthen against the US dollar. The growth of the EUR/USD quotations exceeded 0.5%. Today, there will be no important economic reports from the EU.
Forex Forecast For EURUSD, GBPUSD, USDCAD, USDJPY - Tuesday, April 25
Yesterday, the pound continued to test key support and resistance levels: 1.27700 and 1.28500, respectively. At the moment, the technical pattern on the GBP/USD is mixed. The market is waiting for additional drivers.
Forex Forecast For EURUSD, GBPUSD, USDCAD, USDJPY - Monday, April 24
The EUR/USD currency pair opened with a gap up (more than 150 points). The key trading range is 1.08350-1.09150.
Forex Forecast For EURUSD, GBPUSD, USDCAD, USDJPY - Friday, April 21
Yesterday’s trading on EUR/USD was very active. At the same time, a unidirectional trend was not observed. Despite the weak statistics from the US, the US currency rose against the euro in the afternoon.
Forex Forecast For EURUSD, GBPUSD, USDCAD, USDJPY - Thursday, April 20
Yesterday, the correction was observed on EUR/USD. At the same time, the price kept a round level of 1.07000, which caused a further growth of the single currency.
Forex Forecast For EURUSD, GBPUSD, USDCAD, USDJPY - Wednesday, April 19
Yesterday, the US dollar weakened against the world currencies. This is due to the publication of a rather weak statistics on the US real estate market and a fall in the yield of government bonds.
Forex Forecast For EURUSD, GBPUSD, USDCAD, USDJPY - Tuesday, April
Yesterday, purchases prevailed on EUR/USD. The currency is already testing a “mirror” support level of 1.06400. The news background on the EU economy is calm today.
Forex Forecast For EURUSD, GBPUSD, USDCAD, USDJPY - Thursday, April 13
Yesterday, the pound continued to strengthen against the US dollar. The GBP/USD currency pair overcame and fixed above the round level of 1.25000. The closest resistance is the mark of 1.25700.
Forex Forecast For EURUSD, GBPUSD, USDCAD, USDJPY - Wednesday, April 12
We expect an increase in the EUR/USD currency pair. We recommend looking for entry points to the market for opening long positions. The movement is tending potentially to 1.06500-1.06750.
Forex Forecast For EURUSD, GBPUSD, USDCAD, USDJPY - Tuesday, April 11
Yesterday’s trading on EUR/USD was very calm. The currency was being traded in a rather narrow trading range. At the moment the EUR/USD quotes are testing the support level of 1.05750.
Forex Forecast For EURUSD, GBPUSD, USDCAD, USDJPY - Monday, April 10
Bearish mood prevailed in the market. A drop in EUR/USD quotes exceeded 0.5%. The currency found support at 1.05750.
Forex Forecast For EURUSD, GBPUSD, USDCAD, USDJPY - Friday, April 7
Since the beginning of this week, EUR/USD is being traded in a flat with a fairly narrow range. We can identify the key support and resistance levels: 1.06400 and 1.06750.
Forex Forecast For EURUSD, GBPUSD, USDCAD, USDJPY - Thursday, April 6
During yesterday’s trading, the unidirectional trend was not observed. The EUR/USD currency pair was in a flat with a range of 35 points. The key trading range is 1.06500-1.07000.
The “Black Gold” Market Can Be Taken By “Bears” Again
There was a correction on the “black gold” market after the strong fall in March. We could watch the corrective movement during the last 2 weeks. WTI (#CL) futures held the 47.00-47.50 USD demand zone.
Forex Forecast For EURUSD, GBPUSD, USDCAD, USDJPY - Wednesday, April 5
Yesterday, the euro kept a key support level of 1.06500, which caused the bullish sentiment in the afternoon. The technical pattern indicates the correction of the EUR/USD currency pair.
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