EUR USD gathers some momentum 05/06/2013
Economies.com
2013-06-05 05:33AM UTC
The sideways range keeps controlling the pair move since yesterday, while we believe that the price is attempting to gather enough positive momentum to support the resumption of the intraday and short term bullish trend.
Thus, we are continuing in preferring the bullish trend which is supported by the EMA50, where we are waiting for targets that begin at 1.3145 followed by 1.3245, while achieving them requires holding above 1.2970.
Expected trading range for today is between: 1.2970 support and 1.3245 resistance.
Expected trend for today: Bullish
Forex and Currency News
Forex
Sterling surges to 16-year peak against yen
2024-04-26 08:11AM UTC
Sterling rose in European trade on Friday against a basket of major rivals, extending gains for the ...
Forex
Dollar tumbles to two-week lows ahead of US growth data
2024-04-25 11:18AM UTC
Dollar fell in European trade on Thursday against a basket of major rivals, resuming losses and ...
Forex
Euro scales 16-year peak against yen
2024-04-25 07:51AM UTC
Euro rallied in Asian trade on Thursday against the yen, extending gains for the fifth straight ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 26-04-2024
2024-04-26 10:59AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price shows some slight bearish bias ...
Forex
The EURUSD price forecast update - 26-04-2024
2024-04-26 10:58AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price settles above 1.0715$ level, ...
Forex
The EURCAD under the negative pressure – Forecast today – 26-4-2024
2024-04-26 06:52AM UTC
EURCAD Price Analysis Expected Scenario The EURCAD price repeated the negative closings ...