Forex Guides

EUR/USD Forecast 14 August 12


Good day forex traders.

Welcome to a quick EUR/USD update. In the previous reviews we noted continued Euro Zone complications. China’s slowdown is also of concern. Technical analysis reveals the double resistance near the 1.24 region. Consolidation might be possible.



Source : ProRealTime

Looking at the EUR/USD chart above on the hourly time frame, does it seems bearish to you? Technically we may see the EUR/USD fall to the 1.2280 region again. The double resistance of 1.24 region remains unchallenged for now.

From a fundamental point of view, you may be wondering if anything improved about the Euro Zone to cause this mini rally. Honestly i don’t think so. Rather this is just one of those moments where traders just feel that the US outlook seems weaker for now. Do remember that most investors are sentimental and fickle.

Continue to monitor the economic releases.

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

  • EURUSD Weekly ForecastEUR/USD Forecast 14 August 12
  • EURUSD WeeklyEUR/USD Forecast 14 August 12
  • eur usd daily analysisEUR/USD Forecast 14 August 12
  • EURUSD daily chartEUR/USD Forecast 14 August 12
  • EUR/USD Forecast 14 August 12
  • EURUSD Oil Correlation AnalysisEUR/USD Forecast 14 August 12