Forex Guides

EUR/USD Forecast 24 July 12


Good day forex traders.


Welcome to another EUR/USD forecast. I hope you are having a good start to the new trading week. Let us all target to end this week green with profit from forex!



Solution: ProRealTime


Looking at the chart above, we noted a bearish forex gap. This suggests that the curent sentiments are negative. With the EUR/USD breeching the 1.21 region, we may see the extended target if 1.2 in the near future.

Current sentiments are worsening due to various factors. The outlook of Germany and Netherlands were rated negative by Moody’s. Furthermore the Euro Zone budget deficit crisis is taking an ugly turn. Many regions of Spain are requesting for aid and this fuels a speculation of an official bailout of the country. Bond interests have hit the 7% region which many say is an unsustainable rate.

Equities worldwide are mostly red.

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 24 July 12
  • EUR/USD Forecast 24 July 12
  • EUR/USD Forecast 24 July 12
  • EUR/USD Forecast 24 July 12
  • EURUSD Weekly ChartEUR/USD Forecast 24 July 12
  • EUR/USD Forecast 24 July 12