The EURGBP crawls negatively – Analysis – 23-1-2024
Economies.com
2024-01-23 05:53AM UTC
The EURGBP pair surrendered to the negative pressures represented by 0.8630 solid resistance in addition to the major indicators that provide the negative momentum to force it to provide new negative crawl by reaching 0.8553.
We expect to resume the negative crawl to press on 38.2% Fibonacci correction level at 0.8530, while breaking this obstacle will continue to decline and target new negative stations that start at 0.8485 followed by reaching 0.8400 in the medium term period.
The expected trading range for today is between 0.8590 and 0.8485
The expected trend for today: Bearish
Forex and Currency News
Forex
Euro approaches three-week high amid bullish outlook
2024-05-06 08:02AM UTC
Euro rose in European trade on Monday against a basket of major rivals, maintaining gains for the ...
Forex
Dollar plumbs three-week low ahead of US payrolls report
2024-05-03 11:57AM UTC
Dollar fell in European trade on Friday against a basket of major rivals, extending losses for the ...
Forex
Yen hits three-week high as Japanese authorities intervene
2024-05-03 04:57AM UTC
Yen rose in Asian trade on Friday against major rivals, extending gains for the third straight ...
Forex Technical Analysis
Forex
The USDCHF price hits the target – Forecast today - 06-05-2024
2024-05-06 04:09AM UTC
USDCHF Price Analysis Expected Scenarios The USDCHF price managed to achieve our waited ...
Forex
The NZDUSD price completes the positive pattern – Forecast today - 06-05-2024
2024-05-06 04:09AM UTC
NZDUSD Price Analysis Expected Scenarios The NZDUSD price settles above 0.6000$ level, which ...
Forex
The AUDUSD price hits the second target – Forecast today - 06-05-2024
2024-05-06 04:09AM UTC
AUDUSD Price Analysis Expected Scenarios The AUDUSD price found solid resistance at 0.6640$, ...