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In the previous EUR/USD forecast we noted that the currency pair was bullish for the week. It did approach the 1.08 region as expected before a bullish correction took place. The current bullish recovery might be temporary. A clearance of it would bring us to 1.11. Any bearish return might once again target 1.08


Technical Analysis

Looking at the EUR/USD weekly chart above we note that the currency pair is a near doji for the week. As mentioned last week, the bullish correction was temporary indeed.

Don’t miss the full forecast. Continue on to TheGeekKnows.com for the full technical analysis and the fundamental analysis of the EUR/USD Forecast Weekly Review to understand more about the underlying market sentiments.

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