Forecasts by Justforex

Forex forecast on March 16 for EURUSD, GBPUSD, USDCAD, USDJPY

At the moment, the EUR/USD currency pair has an ambiguous technical pattern. One should to seek entry points on smaller timeframes. If data on inflation in the Eurozone is positive, the upward trend in the EUR/USD may continue. Potential for movement to the round level is 1.08000. An alternative would be the correction of the EUR/USD currency pair to the level of 1.06750-1.06500.
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Forecasts by Justforex

Forex forecast on March 15 for EURUSD, GBPUSD, USDCAD, USDJPY

The previous forecast was confirmed. Today, we recommend to reduce the risks from open positions. If statistics from the US is positive, the EUR/USD currency pair may reach the level of 1.05500. The alternative may be growth of the EUR/USD quotes to the resistance level of 1.07150.
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Forex forecast on March 14 for EURUSD, GBPUSD, USDCAD, USDJPY

Yesterday, the EUR/USD held the key resistance level of 1.07150, which caused a corrective movement. Demand for the dollar is supported by the growth of yield on the US government bonds. The closest support is 1.06150. The previous forecast was quite accurate. We believe that correction on the EUR/USD currency pair may continue. The potential for movement…
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Forecasts by Justforex

Forex forecast on March 10 for EURUSD, GBPUSD, USDCAD, USDJPY

Today, the attention is focused on the report on the labor market in the US. Most experts expect positive statistics. At the moment, the key trading range on the EUR/USD is 1.05600-1.06150. If statistics from the US is optimistic, a downward trend on EUR/USD may develop to the level of 1.05600-1.05400. An alternative would be an increase of the EUR/USD quotes to the level of 1.06500.
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Forecasts by Justforex

Forex forecast on March 09 for EURUSD, GBPUSD, USDCAD, USDJPY

Today, it is necessary to reduce risks when opening a position on EUR/USD. We recommend waiting for the decision of the ECB. If the price is fixed above the level of 1.05600, EUR/USD may rise to the level of 1.06150. An alternative may be a downward trend on the EUR/USD currency pair. The potential for movement is 1.05000-1.04750.
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Forex forecast on March 07 for EURUSD, GBPUSD, USDCAD, USDJPY

The single currency weakened against the US dollar by 0.38%. At the moment, the EUR/USD is testing the support level of 1.05900. This week the investors’ attention will be focused on the ECB meeting and the report on the labor market in the United States. If the Eurozone GDP statistics is positive, the EUR/USD quotes may grow to around 1.06250-1.06350. An alternative could be the downward trend of the EUR/USD currency pair to the support level of 1.05600.
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Forecasts by Justforex

Forex forecast on March 6 for EURUSD, GBPUSD, USDCAD, USDJPY

The euro strengthened against the US dollar by more than 1%. This movement was caused by technical factors. Demand for the US currency is supported by a possible increase in the interest rate of the Fed at the March meeting. The key support and resistance levels are 1.05900 and 1.06250, respectively. If the price consolidates above the resistance level 1.06250, further growth of the EUR/USD quotes to the level of 1.06500-1.06750 is possible.
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Forecasts by Justforex

Forex Forecast on March 03 for EURUSD, GBPUSD, USDCAD, USDJPY

Yesterday, “bearish” moods prevailed on the EUR/USD currency pair. The currency reached the round level of 1.05000. The demand for the US dollar is supported against the background of optimistic economic reports and rising yields on US government bonds. At the moment, the market assesses the possibility of increasing the Fed’s interest rate at 77.5%. We expect a further decline of the EUR/USD quotations. One should consider selling to the mark of 1.04600-1.04500.
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