Forex forecast on May 24 for EURUSD, GBPUSD, USDCAD, USDJPY

Forecasts by Justforex

At the moment, the technical pattern is ambiguous. We recommend you to open positions from key levels. If the price consolidates below the support level 1.11600, you need to look for entry points to the market in order to open short positions. The immediate goal for profit taking is the round level of 1.11000. Alternative option. If the price overcomes the resistance level 1.12600, further growth of the EUR/USD currency pair is possible. The target movement level is 1.13000.
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Forex forecast on May 22 for EURUSD, GBPUSD, USDCAD, USDJPY

Forecasts by Justforex

Last week, the US dollar was under pressure amid rising political risks in Washington. During this period, the growth of the EUR/USD quotations exceeded 250 points. If the price consolidates above the local resistance level of 1.12100, we recommend you to look for entry points to the market to open long positions. The movement is tending potentially to 1.12500…
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Forex forecast on May 19 for EURUSD, GBPUSD, USDCAD, USDJPY

Forecasts by Justforex

Yesterday, the correction was observed on EUR/USD. The euro weakened against the US dollar by more than 50 points. The currency reached a round level of 1.11000. This is due to the release of positive statistics from the US. If the price fixes below the round level 1.11000, the correction of EUR/USD may continue. The movement is tending potentially to…
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Forex forecast on May 18 for EURUSD, GBPUSD, USDCAD, USDJPY

Forecasts by Justforex

On the EUR/USD currency pair there is a strongly pronounced upward trend. Since the beginning of the current week, the euro has added more than 200 points. At the moment, the key trading range is 1.11000-1.11700. At the moment, the technical pattern is ambiguous. In the near future, the technical correction of EUR/USD is possible…
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Forex forecast on May 17 for EURUSD, GBPUSD, USDCAD, USDJPY

Forecasts by Justforex

The growth of the EUR/USD quotations exceeded 100 points. This is due to the publication of fairly optimistic statistics on the euro area economy, weak data on the real estate market and a decrease in the yield of government bonds in the US. If the statistics from the eurozone is positive, the growth of the EUR/USD currency pair may continue. The movement is tending potentially to…
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Forex forecast on May 16 for EURUSD, GBPUSD, USDCAD, USDJPY

Forecasts by Justforex

The bullish sentiment prevails on EUR/USD. Yesterday, the euro added more than 50 points. The latest statistics from the US was quite weak, which continues to put pressure on the US currency. At the moment, EUR/USD is testing local resistance at 1.10150. The focus is on the GDP data for the euro area. We recommend waiting for the release of statistics on the economy of the eurozone.
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Forex forecast on May 15 for EURUSD, GBPUSD, USDCAD, USDJPY

Forecasts by Justforex

On Friday, purchases prevailed on EUR/USD. The single currency increased against the US dollar by more than 70 points. This is due to the release of rather weak statistics on inflation and retail sales in the US. We expect further growth of EUR/USD. We recommend considering purchases if the price consolidates above the resistance level of 1.09400. The movement is tending to 1.09800-1.09900.
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Forex forecast on May 12 for EURUSD, GBPUSD, USDCAD, USDJPY

forecasts-justforex

The latest trading session EUR/USD was in a sideways motion. The trading during the Asian session was calm. The market is waiting for data on inflation in the US. If the statistics from the US are positive, we recommend selling EUR/USD. The movement is tending to the round level of…
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