Forecasts by Justforex

Forex forecast on May 11 for pairs EURUSD, GBPUSD, USDCAD, USDJPY

Yesterday trading ended with a slight decrease in the euro against the US dollar. At the moment, the EUR/USD currency pair is testing the key support level of 1.08700. If the price overcomes the key support level of 1.08700, we recommend looking for entry points to the market for opening short positions. The movement is tending potentially to…
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Forecasts by Justforex

Forex forecast on May 09 for pairs EURUSD, GBPUSD, USDCAD, USDJPY

The euro reacted weakly to the victory of E. Macron in the presidential elections in France. At the moment the bearish sentiment is dominating on EUR/USD. Demand for the dollar is supported by a positive report on the labor market in the US. The pressure on the single currency is caused by weak data on industrial production and the balance of visible trade in Germany. The key trading range is 1.08800 – …
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Forecasts by Justforex

Forex forecast on May 8 for EURUSD, GBPUSD, USDCAD, USDJPY

At the same time, according to preliminary data, in the second round of the presidential elections in France, Macron leads, which supports the euro. The key trading range is 1.09850-1.10200. If the price consolidates above the round level of 1.10000, we recommend you to look for entry points to the market to open long positions. The movement is tending to…
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Forex forecast on May 5 for EURUSD, GBPUSD, USDCAD, USDJPY

Yesterday, aggressive purchases were observed on EUR/USD. The euro added more than 100 points. This is due to the victory of Emmanuel Macron at the debate with Marin Le Pen. Today, the attention is focused on the report on the labor market in the United States. If economic reports from the US are weak, the growth of the EUR/USD currency pair may continue. The movement is tending potentially to…
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Forex forecast on May 04 for EURUSD, GBPUSD, USDCAD, USDJPY

Yesterday, the Fed, as expected, kept its monetary policy at the same level. The latest statistics from the US were rather weak. Nevertheless, the regulator said that the economy is stable. The probability of an increase in the rate in June increased significantly. At the moment the FedWatch Tool is at the level of 73.8%. The EUR/USD currency pair is…
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Forecasts by Justforex

Forex forecast on May 03 for EURUSD, GBPUSD, USDCAD, USDJPY

The single currency continues to be traded in a flat. The key trading range is 1.08650-1.09500. The market is waiting for additional drivers. Today’s data on the euro area’s GDP and the Fed meeting can significantly influence the further alignment of forces on the EUR/USD currency pair. If the statistics from the EU are positive, an upward trend towards the level of…
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