Forecasts
Forex Guides
Members

EUR/USD Forecast 5 June 12

 

Good day forex traders.

 

It is the second day of the trading week and as usual i hoped you made money from forex trading.

In the weekly EUR/USD forecast we noted bearish technical indications. However a note of concern would be the possible support in the immediate region due to the previous lows. Fundamentally Germany had rejected calls for Euro Zone debt sharing.

 

EUR/USD chart

 

I want to present a line chart today to show the EUR/USD in another perspective.

Looking at the chart above, we note the steady decline from 1.3. I mentioned that the current region is a potential support and resistance region and indeed so, the currency pair has popped right above 1.24 again.

I LOVE IT WHEN MY CHARTS WORK  🙂

Remember that i mentioned Germany’s stance of no Euro Zone debt sharing? Yes while it is still maintained, the finance minister of Germany mentioned that the country is open to greater banking coordination in a bid to integrate further on fiscal aspects.

Spanish Budget Minister Cristobal Montoro mentioned today that European institutions should help strengthen the country’s lenders. Germany mentioned that Spain should tap the bailout fund if required. Readers, this may be a preview to upcoming complications. Caution is recommended.

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

  • eur usd weekly forecastEUR/USD Forecast 5 June 12
  • EUR/USD Forecast 5 June 12
  • EUR/USD Forecast 5 June 12
  • Retail forex traders open positionsEUR/USD Forecast 5 June 12
  • EUR/USD Forecast 5 June 12
  • EUR/USD Forecast 5 June 12
TheGeekKnows