Forex Daily Forecast, Analysis and Prediction

EURUSD bulls remains very strongly and is trying to extend their further sharp movements towards 1.4619 price level.

Euro/Dollar made a significant upward movement with around 200 pips on Tuesday as stocks and commodities gained.

The EURUSD has calmed down, and for now is moving along the resistance level at 1.4326. If these candles can stay longer above resistance, bulls has more chances to reach new highs and a continuation of recovery may bring the top side on focus.

EURUSD, after a long way downside, upside movement was the same. At the moment this pair stands as neutral even though previous moves were very positive.

GBPUSD formed a short term cycle bottom at 1.6113 level on 4-hour chart. Further rise to test the resistance of the upper border of the falling price channel is expected later today.

EURUSD a new resistance was created at 1.4326 where the gap between support at 1.4204 and resistance is lowered down comparing to yesterday, however this pair still remains in neutral position.

EURUSD bulls did manage to push back prices above 1.4220 level which was a significant level for both sides.

EURUSD has shown some negative moves, a first sign was a break of support level. At the moment the movement downside can extend, however a 1.4220 level is another barrier for bears.

EURUSD remains neutral, support stays at 1.4273 while resistance is at 1.4370. For the bulls the resistance level is very important barrier, however bears still doesn't show any strong movements downside. A potential breach to support side will favor further movement downside.

EURUSD a possibility of a trend reversal still exists, at the moment the current situation claims that a when support level at 1.4268 is not valid, negativeness can start for this pair.

EURUSD previous analysis is confirmed by rebounding from the upper portion at resistance level at 1.4336 and breaking out from a channel.

EURUSD is moving in a channel and slowly step by step is climbing up. A trend is still positive and buying options are on a table.

EURUSD bulls still has enough strength to push prices to the 1.4400 level. After recent highs bears are trying to go to support level.

EURUSD extends it's positiveness and continues to slide upside even higher. 1.4400 price level can be reached soon, but bulls needs to stay above 1.4300 price level. Bears will will try an attempt to go back to support, but for now bulls controls the

EURUSD still stays positive, at the moment it is creating a box which is between support at 1.4219 and resistance at 1.4262.