EUR/USD Forecast

The EUR/USD stalls around 1.2040, lacking the willpower to go either way. The upcoming economic releases may change this.

The EUR/USD maintained its position above 1.2. The US Federal Reserve repeated its dovish stance for the US dollar.

The EUR/USD maintained its bullish focus and tested 1.2. The presence of a major trend line is crucial to our forex plans.

The EUR/USD pushes for 1.2 as the US economic data failed to impress. A test of a long-term trend line approaches.

The EUR/USD consolidates as it tries to find a momentum out of this significant region. Important economic data is up next.

The lower bollinger band capped downside pressure and sent the EUR/USD into a correction. There is no indication of an end to bearish moves.