15-10-2020 - Forextra Euro Forecast

15-10-2020 – Forex Forecast EUR/SEK

Euro Forex Forecast Report

Subscribe for the Forex Forecast Report for free and receive the full Euro Forecast Report from 15 October 2020 by email. The Euro Forecast Report lists the euro’s expectations against various currencies, trends, key support and resistance levels and more.

 

Summary

  • Euro value is (mainly)  distributed from a global perspective.
  • The euro is in a negative / neutral sentiment.
  • Possible bottoms: EUR/SEK

 

Agenda

15-10-2020 - Forextra Agenda

Source: DailyFX.com

 

Global View15-10-2020 - Forextra Euro Globalview

You can see in one overview; the degree of volatility, the trend of the last few days, which currencies make a possible top or bottom and to what level the euro (expressed in that currency) can move in the short term.

 

Possible Bottom

The following currencies show a possible short-term bottom. This means that the Euro can strengthen against the currencies below for the short term.

  • EUR/SEK

 

Forecast EUR/SEK15-10-2020 - Forextra Forecast EUR/SEK

 

Forextra Forecast Model

The Forextra Forecast Model is inspired by the “invisible hand” philosophy of renowned economist Adam Smith. It looks from a global perspective to determine whether the euro is in a positive or negative trend.

When a trend is analyzed from one currency, the perspective is limited. What appears to be a positive trend or negative trend in such a case can be very different from an international perspective. Global trends are the result of the trends that become visible from every perspective and are thus not limited to one currency. With the Forex Forecast Report you can see the value of the euro from a global perspective.

 

Learn more on how the report and the forecast model works and click on the link; the forextra forecast model

 

Disclaimer:

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