Full Release at
TheGeekKnows.com Learn Forex Trading and read exclusive EUR/USD Forecast and AUD/USD Forecast Reviews.

Good day forex traders.

In the previous EUR/USD forecast we noted that the currency pair had attempted to stretch below the support of 1.12 but had since settled around it. The middle bollinger band had once again proved to be useful for the indications of price action. A clear breach of the 1.12 support / middle bollinger was needed before an attempt of the bearish target at 1.1. The bullish recovery was likely to target 1.14.


Technical Analysis

Looking at the EUR/USD weekly chart above we note that the currency pair did continue to bounce off the support / middle bollinger band as expected.

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.

FX Instructor Forex Blog – For Traders, By Traders

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.