Forecasts
Forex Guides
Members

EUR/USD Forecast Review 22 May 12

 

Good day forex koalas.

 

Second day of the week and i hope you have already made some pips. Yesterday brought us bearish indication from the SMAs but the EUR/USD was pretty much without a specific direction.

G8 meeting was not conclusive of a concrete solution for the economic woes of the Euro Zone and hence it’s impact on the markets was limited too.

 

EUR/USD

 

Technical Analysis

The currency pair remains around the vicinity of the 1.28 region.

SMA 20 = Bearish

SMA 50 = Bearish

While the EUR/USD is still not showing a clear direction, a failure to close above 1.28 continues to reflect a bearish outlook. As mentioned, a full candle close above 1.28 is needed before any consideration of bullish correction.

 

Fundamental Analysis

It was reported that the Organization for Economic Cooperation and Development commented that Spain will continue to be in recession next year as challenging conditions continue to strain. As the Euro Zone’s fourth largest economy, this is not an encouraging sign.

It was also reported that the demand for US bonds continues to increase. This is seen as an indication of continued risk aversion.

There are 6 weeks more before the end of the previous US Federal Reserve stimulus program ” Operation Twist “. A number of investors are speculating of a new round of stimulus.

 

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 Review 22 May 12
  • EUR/USD Forecast Review 22 May 12
  • Retail forex traders open positionsEUR/USD Forecast Review 22 May 12
  • EUR/USD Forecast Review 22 May 12
  • EUR/USD Forecast Review 22 May 12
  • forex market low volume low liquidityEUR/USD Forecast Review 22 May 12
TheGeekKnows