Forex forecast on February 28 for EURUSD, GBPUSD, USDCAD, USDJPY

Forecasts by Justforex

Yesterday’s trading ended with a slight increase in the euro against the US dollar. Today a rich newsflow on the US economy is expected. The attention of the financial markets will be focused on the performance of the US President. Currently, the pair is testing the support of 1.05850. We expect the downward trend on the EUR/USD currency pair. The potential for movement…
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Forex forecast on 27 February for EURUSD, GBPUSD, USDCAD, USDJPY

forecasts-justforex

This week, investors will be focused on the performance of D. Trump, which will take place on Tuesday, February 28th. Financial market participants expect the US president will announce the details of his “phenomenal” tax reform. At the moment the EUR/USD currency pair is testing the resistance level of 1.05850. If statistics from the US is positive, be sure to consider selling EUR/USD to around 1.05300-1.05000.
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Forex forecast on February 24 for EURUSD, GBPUSD, USDCAD, USDJPY

forecasts-justforex

Yesterday, purchases prevailed on the EUR/USD currency pair. The quotations rose by 0.24%. Today, the euro rally has continued. At the moment, the currency is being traded close to the “mirror” support level of 1.05850. The previous forecast was confirmed. We believe that the EUR/USD quotes growth may continue. The potential for movement – 1.06250-1.06500.
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Forex forecast on February 23 for EURUSD, GBPUSD, USDCAD, USDJPY

Forecasts by Justforex

Yesterday’s FOMC report revealed that the Fed is ready to tighten monetary policy in the near future. At the same time, the EUR/USD currency pair kept the level of 1.05000, which caused the correctional movement. The trading ended with a slight increase in the euro against the US dollar. We expect a correction in the EUR/USD currency pair. The potential for movement – 1.05850-1.06000.
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Forex forecast on February 22 for EURUSD, GBPUSD, USDCAD, USDJPY

Forecasts by Justforex

Yesterday, the euro weakened significantly against the US dollar. The fall of the EUR/USD quotes exceeded 75 points. This is due to the growth of political risks in the EU and the possible Fed rate increase at the March meeting. The nearest support level is 1.04900. Investors’ attention is directed to the publication of the FOMC reports. The previous forecast was confirmed. We continue to expect the “bearish” moods on the EUR/USD currency pair. One should to seek entry points for opening short positions. The potential for movement – 1.04750-1.04500.
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Forex Forecast on February 21 for EURUSD, GBPUSD, USDCAD, USDJPY

Forecasts by Justforex

Yesterday, the EUR/USD currency pair had weak trading activity. This is due to the holiday in the US. During the Asian trading session, the euro weakened against the US currency. The dollar is supported by a positive dynamics of the US government bonds yields. The nearest resistance is the level of 1.05600. Yesterday’s forecast was confirmed. We expect a continuation of the downward trend on the EUR/USD currency pair to around…
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