EUR/USD FORECAST

For traders who are just getting started in Forex, the EUR/USD pair is a great place to start. Retail traders, as well as central banks and financial institutions around the world, can easily exchange it. The most successful trading sessions are in London and New York, and the Regular, 4 Hour, and 1 Hour EUR/USD Forex charts are the most widely used.

Volume provided by Euro-crosses (e.g. euro/British pound (EUR/GBP), EUR/CHF, and EUR/JPY) adds to EUR/appeal. USD's This interest appears to run counter to the path of the underlying US dollar, making it a desirable market for short-term traders.

EUR/USD SWING OPPORTUNITY

Resistance levels: 1.25849, 1.22612

Support levels: 1.16015, 1.07341

Looking at the current monthly trendline of the eur/usd ,it is in a downward movement. Judging by the previous resistance levels ,the price has to move towards 1.16015 which is the current support of which if it surpasses that level you will be looking to enter more positions towards the downside.

Therefore look for selling opportunities!!!

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