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In the previous EUR/USD forecast we noted that the currency pair was bearish for the week. It remained capped by the lower bollinger band as expected. The bollinger bands were widening and this suggested that the momentum was gaining. Bearish targets remained at 1.06 / 1.05 and 1.045.

Fundamental developments also indicated possible US dollar strength.

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Technical Analysis

Looking at the EUR/USD weekly chart above we note that the currency pair continued to be bearish for the week as expected. It achieved the bearish target of 1.06.

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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One thought on “EUR/USD Weekly Forecast 30 Nov 15”

  1. Timmi "Timmbits" Simmi says:

    hi, do you use the same, or different Bollinger Bands settings, for different timeframes? thanks

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