February FOREX Monthly Forecast EUR/USD

1 - 29 February Forex Monthly Forecast for EURO to Dollar

February Economic News

30 Jan.: EURO ZONE SUMMIT. USA Consumption, PCE and other price indexes.

31 Jan.: USA Employment cost, consumer confidence, Chicago PMI.

01 Feb.: USA ADP Employment, Manufacturing PMI, construction spending.

02 Feb.: USA Federal Reserve Chairman.

03 Feb.: USA Non manufacturing ISM Report (PMI).

04 Feb.: -

Monthly Forecast EUR/USD Time Frame Daily

FOREX Chart February Monthly Forecast EUR/USD Daily

We have two alternative paths from the point EUR/USD=1.3240 (1.3220). This is 38% Fibonacci correction level from big bearish trend (Beginning EUR/USD = 1.4250; ending EURUSD = 1.2625 )
The Murrey Match FOREX custom indicator shows zero green level. It means that the price with the probability of 50% may go up or down at the next week and month. Look upscale EUR/USD Forex Chart:

FOREX Chart EUR/USD time frame Daily. Monthly Forecast. ground zone with Murrey Match and Fibonacci Fan indicators shows 50% from the previous sells wave.

Examine these charts. The Price of the EUR/USD Forex pair has crossed such indicators as exponential moving average 55 and approaching to exponential moving average 89. It has also crossed 38% Fibonacci Fan Forex Studies.
It is estimated that the next psychological level is EUR/USD = 1.3300

See also:

30 January - 6 February Weekly Forex Forecast EUR/USD

30 January - 6 February WEEKLY Forecast EUR/USD

EURO to Dollar FOREX Weekly Forecast.

Monday. 30 January - Monday. 6 February

Major FOREX Pair: Eur/Usd renewal period Daily.

Economic News

30 Jan time GMT:
10.00 AM Euruozone ec. sentiments
1.00 AM EU sammit.
1.30 AM USA important events

We are waiting for a strong move in euro-dollar pair. Have a look at these screenchots

Technical Analysis

01/30 - 2/06 Euro to Usd Daily:

30 Jan EURUSD Daily forecast. Periodicity: Daily

We have two alternative directions

The first path is from EUR/USD ~ 1.32500 (38% of the Fibonacci levels from the previous wave) to down EUR/USD ~ 1.26300.

FIRST WAY: 30 Jan pair: EURUSD Daily. Sell to 1.3100 or lower 

or the second path is an upward trend to the levels EUR/USD ~ 1.34400 (50% Fibonacci from the previous wave) or higher 1.3620 (61% Fibonacci from the previous wave)

The chart represents an alternative path of further movement of the pair: EUR/USD Daily. Move Up to 1.2440 (50% Fibonacci) or higher 1.3620 (61% Fibonacci)

However, there is a third option of the pair's development, which implies the movement in a horizontal channel (Flat).



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Economic News

2.00 AM EURO Zone sentiments.

5.00 AM Eurozone economical summit.

5.30 AM: USA price indexes, consumption.

Open Orders Forex Traders:

The volumes of the recent orders of a separately taken broker are 60% short open positions and 40% long open position traders (SELL EUR/USD - 60% BUY EUR/USD - 40%).

30 Jan. Technical analysis for the FOREX pair EUR/USD in timeframe H4 and H1:

Examine the following charts.
Eurusd H4:

30 January FOREX chart Euro to Usd H4. This is a big correction from the previous bearish wave. Murrey Match and Fibonacci levels show 38% from bearish wave. This point is a possible end of an upward correction. However, this correction may continue to 1.3440 (50% Fibonacci levels)

Target One: The psychological level will be crossed at - 1.3300 and the downward trend will be continued. 

Target Two: The price for the EURO/USD will cross 1.3250 and go down to 1.3100

01.30 FOREX chart ero to dollar H4. Current situation of the EUR/USD. ALL EMA 55 89 233 under price.

30 Jan. Eurusd time frame one hour:

FOREX Chart EUR-USD H1. Daily Forex forecast. Hours divergence not confirmed. MACD Classical technical analysis indicator.

ALL exponential moving averages 55 89 and 233 are under price and are not confirmed FOREX divergence suggest further growth. The custom indicator Murrey Match show the end of bullish movement. However border rising channel allows the pair to continue moving up..

see also:

weekly forecast

monthly forecast