Euro Forecast – 28 september 2020

Forex Forecast Report

By clicking on the link, you can read the full August 21, 2020 Euro Forecast Report. It contains the expectations of the euro against different currencies, trends, important support and resistance levels and more.








The value of the Energy parameter is positive. This means that from a global perspective the Euro strengthens.

In addition, the energy indicates how strong a movement is. When a movement moves towards extremes, there is an above-average chance for a possible turn in the value development of the euro.

The energy level is  low from a global perspective. This means that support & resistance levels can be broken.


Global View


A summary of the most important parts of the report. From an overview can be seen; the degree of volatility, the trend of the last few days, the short-term forecast and which currencies make a possible top or bottom.

A short sentence describes what the short-term expectation is 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 in the short term the Euro can strengthen somewhat against the currencies below.




Forextra Forecast Model

In order to determine whether a financial product is in a positive or negative trend, it will have to be looked at from a global perspective. By only analyzing this 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 not limited to one currency. With the Forex Forecast Report we make this transparent for you.

To know more about the forecast model click on the link; the forextra forecast model




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