EUR/USD Weekly Forecast – 03 July – 07 July

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Friday, Jun 30 2017

EUR/USD Weekly Forecast – 03 July – 07 July

Euro was pushed higher in the course of the last week going all the way 1.1450 handle, mostly being supported by overall weakening of the US dollar. Pair found some amount of resistance around 1.1450 area and pulled back slightly but managed to form support around 1.14 handle during the Friday's session which is of course a positive sign. As for next week focus will be more on US figures, especially NFP report. Any type of supportive candles around 1.1350 and 1.13 area would be short-term buying signal, while resistive candles above 1.15 and 1.1550 level would be short-term selling opportunity.

In long-term trends, after this hige uptrend, we have no interest in selling the pair. However, we expect plenty of resistance all the way up to the way to 1.15 handle.

More in this category: « GBP/USD Weekly Forecast – 03 July – 07 July AUD/USD Weekly Forecast – 24 July – 28 July »

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