Forex Forecast and Analysis - Bank Research

Forex Forecast along with Analysis - Bank Research segment includes exterior forex forecast and assessment reports from banks more or less the world. If you come across some large forex Forecast and analysis reports, please let us know that we will add them into this Bank Research sector or others in the Forex predict and Analysis sections.

EUR/USD remains below the 1.4000 level after nearly recovering through the level. We issued a sell order yesterday at 1.3997, but unfortunately missed entry by 4 pips. The pair now trades over 90 pips lower at 1.3903. The bias is neutral at the moment as currency markets will continue to monitor global equity markets for direction. The break below 1.40 invalidates the upward bias and further downside is possible. However, this should be limited as investors are wary about the long term Dollar outlook. The next level of support is the 1.3888, followed by 1.3806 and 1.3725.