August 17, 20230Comments

Forex Analysis – Forecast for EUR/USD on August 17, 2023

Yesterday, the euro lost 27 points, and this morning it reached the target level of 1.0865. This level is significant because it corresponds to the day when

August 16, 20230Comments

Forex Analysis – Forecast for EUR/USD on August 16, 2023

Yesterday's performance was structurally similar to August 10th – a high upper shadow stopped by resistance. This time, the MACD line provided resistance.

August 15, 20230Comments

Forex Analysis – Forecast for EUR/USD on August 15, 2023

On Monday, the euro did a lot of work to overcome the support levels of the MACD line on the daily chart and the target level of 1.0924.

August 14, 20230Comments

Forex Analysis – Forecast for EUR/USD on August 14, 2023

On Friday, the euro fell by 35 pips. The balance indicator line (red moving average) acted as resistance on the daily chart, and this morning,

August 11, 20230Comments

Forex Analysis – Forecast for EUR/USD on August 11, 2023

The US inflation data came out mixed; core CPI in July decreased from 4.8% YoY to 4.7% YoY, while overall CPI rose from 3.0% YoY to 3.2% YoY.

« Older Articles Newer Articles »