Forecasts
Forex Guides
Members

EUR/USD Weekly Review 27 Mar 18

Good day forex traders.

Welcome to the weekly review of the popular EUR/USD currency pair.

We have noted in recent weeks the consolidation of the currency pair. The upper and lower limits are 1.26 and 1.22 respectively.

Looking at the EUR/USD weekly chart above, we note that the consolidation remains. 1.24 is likely a region of strong influence and the currency pair may pivot around this line.

We last visited this region in 2014. This reminds me of one of the fundamentals of trading. That is to only trade with money you can afford to lose. If you are caught in a long position, well your day has arrived . . after 4 years! Haha having said so, many would have probably already took their losses and repositioned.

Oil prices are edging higher and this may provide a foundation for economic activities. This in turn may spur risk taking sentiments resulting in the demand for riskier assets. If indeed, a side effect of this would likely be the euro climbing higher versus the US dollar.

The S&P500 is choppy recently but nothing suggests an end of the bullish run.

As we head into holidays towards the end of the week across many major markets, do be mindful of low liquidity conditions. Proper money management is crucial. Trade safely!

Invest In Yourself And Get Premium Analysis
Less than 20 cents a day
Major Currency Pairs Analysis
Forex Sentiment Analysis
Understand The Market
10 days money back guarantee

View Subscription Options

Would you like to connect?
Get notifications on new forecasts and articles.

Sign up to our emailing list and get your FREE Stop Losing and Start Winning in Forex Checklist!

Trending Forex Articles

  • EUR/USD Weekly Review 27 Mar 18
  • eur usd weekly forecastEUR/USD Weekly Review 27 Mar 18
  • EUR/USD Weekly Review 27 Mar 18
  • EUR/USD Weekly Review 27 Mar 18
  • Retail forex traders open positionsEUR/USD Weekly Review 27 Mar 18
  • EURUSD Weekly ChartEUR/USD Weekly Review 27 Mar 18
TheGeekKnows