EUR/USD Forecast August 1-5 | Forex Factory

  • EUR/USD Forecast August 1-5

    From forexcrunch.com

    EUR/USD drifted close to 1.10 during most of the week but was propelled higher on USD weakness. Is it breaking out of range? The upcoming week features PMIs as well as other figures. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. The Brexit ramifications are not so terrible for Germany according to IFO. GDP came out as expected at 0.3% and inflation beat predictions with +0.2%, giving a bit of hope for the ECB. The EBA stress tests did not tell us something we didn’t know. In the US, the Fed was more upbeat but did not provide a hint for a hike. The bigger blow for ... (full story)

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OnlineAddict
Jul 31, 2016 10:39am
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Quoting Not-KPMG
1.1090 to 1220. Several times
A spike higher maybe. Let's see the next news
I can see even a re-test of 1050, which was only done once by early New Zealand session, which is never good enough. Until both Europeans and Americans test it again, I don't see how this can go much higher.
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baherhosni
Aug 1, 2016 5:05am
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Quoting TudorIoan
1090 after hit the upside TL (3May-24Jun spikes)
I would like to see the pull back first for the breather. It may also fulfill the bearish divergence and ease the over buying psychological factor on RSI 5. But, this market is very volatile at the moment and there is a lot of stored energy in the range candles which may blow in any direction really!
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KeenPips
Jul 31, 2016 5:41am
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My weekly analysis indicates a stepping aside on this pair until later in the week. The order flow context is rather choppy/unidirectional for the swing trading style/strategy I employ.
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Not-KPMG
Jul 31, 2016 8:31am
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1.1090 to 1220. Several times
A spike higher maybe. Let's see the next news
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TudorIoan
Aug 1, 2016 1:45am
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Quoting Not-KPMG
1.1090 to 1220. Several times
A spike higher maybe. Let's see the next news
1090 after hit the upside TL (3May-24Jun spikes)
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