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EUR/USD Forecast 13 Jun 13

EUR/USD Forecast 13 Jun 13
Thursday, June 13th, 2013 @ 2:55 pm by The Geek

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Good day forex traders and readers.

In the previous EUR/USD forecast we noted that the currency pair might target the 1.3380 line. Any bearish pressure might see it down towards the middle of the bollinger bands.

20130613-222745.jpg

Technical Analysis

Looking at the EUR/USD 4 hourly chart above we note that the currency pair is currently testing the immediate support of the middle of the bollinger bands. Earlier on the EUR/USD did test the resistance of 1.3380 as mentioned too. It is definitely flattering when the currency pair moved as per our forecast.

Continued bearish pressure may see the EUR/USD test 1.3240. Should the bullish momentum returns, a test of the 1.3380 resistance might be expected.

Don’t miss the fundamental analysis
continue on to TheGeekKnows.com for the fundamental analysis of the EUR/USD Forecast Review to understand more about the underlying market sentiments.

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