Forex Guides

EUR/USD Forecast 14 September 15

Good day forex traders.

It is a good weekend and how are you spending it? Analyzing forex charts perhaps?

In the previous EUR/USD forecast we noted that the currency pair was bearish for the week and it remained in a consolidating phase as expected. It was testing the support region of 1.12. The EUR/USD was at the middle bollinger band and hence it was a possible center of pivot. The bands had stabilised and it was indicative of a consolidation phase.


Technical Analysis

Looking at the EUR/USD daily chart above we note that the currency pair was bullish for the week. Having said so it is back at a previous region and hence indeed it is consolidating.

The currency pair is now near the resistance of 1.14. It is interesting to note that the bollinger band is narrowing. This suggests a possibility of a breakout. Should a bullish recovery return, we may see an eventual 1.24. A bearish momentum will probably aim for a downside target of 1.1.

Fundamental Analysis

While the fundamentals remain unchanged, sentiments are ever shifting. The talk of the market now is the anticipation of a possible interest rate hike by the US Federal Reserve this coming week. This is an important development as should it happen, it marks the divergence of the phases of monetary policies for the US Federal Reserve and European Central Bank. The tightening of the U.S. monetary policy will likely increase demand for the U.S. Dollar while the continued easing of the Euro Zone monetary policy may dampen demand.

Besides the FOMC meeting, we also have critical economic releases such as the U.S. retail sales and German ZEW Economic Sentiment. Do monitor the resultant sentiments and adjust where necessary.

We Need Your Support!

As you know, I do not have any budget and I have never charged you for all the work. I need your support to get the word out on the website so that more people will visit and I can continue writing for you. Please share the website in facebook, forums, websites and communities. Thank you.

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 Forecast 14 September 15
  • EUR/USD Forecast 14 September 15
  • EUR/USD Forecast 14 September 15
  • EUR/USD Forecast 14 September 15
  • EUR/USD Forecast 14 September 15
  • EURUSD ChartEUR/USD Forecast 14 September 15