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In the previous EUR/USD forecast we noted that the currency pair was bullish for the week. The lower bollinger band did hold as a support.

The 1.08 line was breached and it suggested that the bullish push was strong. While the currency pair had since eased away from the middle bollinger band, there was nothing to suggest that the bullish momentum was over. If the momentum continued, 1.1 might be the next bullish target.


Technical Analysis

Looking at the EUR/USD weekly chart above we note that the currency pair was again bullish for the week. It hit our bullish target of 1.1 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.

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