Full Release at
TheGeekKnows.com Learn Forex Trading and read exclusive EUR/USD Forecast and AUD/USD Forecast Reviews.
Good day forex traders and readers.
In the previous EUR/USD forecast we noted that the currency pair did indeed achieve the bullish target of 1.14. The current price action was in the region of the middle bollinger band and hence we had to be mindful of any effect on the currency pair.
Technical Analysis
Looking at the EUR/USD weekly chart above we note that the currency pair did not manage to clear the middle bollinger band. It had since turned bearish and dipped below 1.1.