Forex Guides

EUR/USD Forecast 21 June 12


Good day forex traders.


How was your day today? If you are green for the week, great for you! Do remember to protect your profits. If you are red, please do not trade emotionally and engage in excessive risk.

In the previous EUR/USD forecast we noted a consolidation of the currency pair due to possible apprehension. The G20 summit did not impress the markets.




Looking at the EUR/USD chart above we noted that the currency pair is currently bearish. It is now testing the resistance of 1.26. If this fails, we may be looking at a short term target of 1.2550.

Post G20 summit, the German chancellor was reported to be against any direct purchase of sovereign debt as a means to ease the region crisis. This probably had an impact on the sentiments as investors were disappointed in the outcome.

The US Federal Reserve announced an extension of Operation Twist. This is done to aid the economy and to spur growth. The growth forecast was cut and this also added to the disappointment of the markets.

Trade Safely.


Related Forex Articles from the Koala Forex Training College.

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 21 June 12
  • EURUSD Weekly ChartEUR/USD Forecast 21 June 12
  • EUR/USD Forecast 21 June 12
  • EUR/USD Forecast 21 June 12
  • EUR/USD Forecast 21 June 12
  • EUR/USD Forecast 21 June 12