Forex Daily Forecast, Analysis and Prediction

EURUSD has successfully extended its current movement to upside. Keeping long positions is good choice.

EURUSD bulls activity was strong enough to make a breakout by resistance level in sharp way, for now buying options are better to look into.

EURUSD resistance level once again is trying to note that this barrier is very strong for bulls. By breaking this level a continuation of prior movement should be extend further to the top side.

EURUSD looks like resistance level is too strong for the bulls, for now this pair remains neutral but with selling possibilities under support level.

despite the recent positive candles, according to the previous moves the EUR/USD pair is jumping with big steps.

The EUR/USD stays in neutral area while candles are locked between support and resistance levels. For now resistance level stays as a significant barrier for bulls, if this barrier can be broken - a possibility of reaching new highs is possible. Potential breach by barriers can favor stronger movements.

Rebound didn't happen by support level and bulls managed to breakout by 1.4650 price level. At the moment this pair is in neutral area, however bulls are looking more positive than before. Another potential breach by resistance level is possible where buying actions remains. According to the previous bulls moves, this barrier is very significant for them.

EURUSD looks like bulls are not giving up, a movement upside above support level can influence bulls to take further actions by reaching resistance level.

EURUSD negative trend was extended, however bulls are not giving up easily. Another attempt to move above support level can influence bears to hide in a forest while bulls can climb up by confirming a break of negative trend.

Today's movement in the Eur/Usd was small and not much room for trading. The opportunity for larger moves in the Eur/Usd may come tomorrow if we see a break of key levels.

EURUSD trend remains negative, but it looks like bulls still have some gunpowder which can help to initiate another movement upside where trend line can be broken.

EURUSD is starting to form sharply negative trend line after candles moved out under the support level.

EURUSD bears couldn't manage to go under support level yet, however according to the previous strong movement upside this pair still has possibility to reach resistance and give another chance for bulls to break it.

EURUSD has moved under the resistance level, this level stands for a long time and if another break attempt is going to be done by bulls side we can expect to see previous extended trend.

Eur/Usd held the strong gains made during the previous sessions as the Dollar continues to slide. The Dollar lost value verses the Euro again and has been losing for many days in a row.