Forex Guides

EUR/USD Forecast 5 Sep 12


Good day forex traders.


It is mid week and i hope you are half way on the journey to having a week in green! May the pips be with you YaY!

In the previous EUR/USD forecast i mentioned that due to the apprehension and technical resistance line, we might see a narrow trading range. 1.26 remains strong and was capping any bullish price action.



Solution : ProRealTime


Looking at the EUR/USD 4 hourly chart above, the price action is still testing the resistance of 1.26 . As the ECB minimum rate decision draws near, apprehension will probably increase. It is speculated that an interest rate cut may happen due to the ailing European economy. Many investors also believe that the ECB will announce plans to buy bonds as a means to stabilise the Euro Zone. As of all speculated developments, do plan your trades carefully so that if an unexpected development occurs, your risks are manageable.

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 5 Sep 12
  • eur usd daily analysisEUR/USD Forecast 5 Sep 12
  • EUR/USD Forecast 5 Sep 12
  • EURUSD daily chartEUR/USD Forecast 5 Sep 12
  • EUR/USD Forecast 5 Sep 12
  • EUR/USD Forecast 5 Sep 12