👀 Ones to watch: The MOST undervalued stocks to buy right nowSee Undervalued Stocks

Key EUR/USD support level at 1.5395

Published 03/22/2008, 08:00 PM

EUR/USD (1.5429) – Weekly Forecast


Weekly forecast levels: 1.5280/1.5755
Trend for the week – Neutral
Market Focus: Existing Home Sales, Consumer Confidence, Durable Orders, New Home Sales, GDP-Final, Core PCE Inflation.

Weekly Strategy: The key support level for EUR/USD in the coming week is 1.5395. If the first economic data is positive for the dollar the recovery of the dollar will continue. Otherwise the dollar will lose the recent gains by the last week very fast and will back at the levels of 1.57 and above to 1.59. If the dollar break below 1.5395 the dollar recovery will continue to the level of 1.5280. The trading strategy in the coming week is to monitor the level of 1.5395 and open short if break below, otherwise open long.

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.