EUR/USD Morning Technical Report 30/10/2014
ecPulse
2014-10-30 06:54AM UTC
The pair dropped sharply yesterday after the Federal Reserve decided to end its third round of quantitative easing program, which boosted the dollar against major counterparts. Trading below 1.2660 forced us to activate our negative expectations yesterday, as we referred to the importance of turning negative. Today, stability below the referred to level forces us to think that the downside move could extend, especially with the negativity of both RSI and MACD.
From the downside, breaking 1.2580 could extend the downside move towards 1.2485, and breaking the latter extends bearishness towards 1.2405. From the upside, stability below 1.2660 is signficant to keep the downside move valid.
Forex and Currency News
Forex
Dollar rebounds ahead of US unemployment claims data
2024-05-02 11:10AM UTC
Dollar rose in European trade on Thursday against a basket of major rivals, resuming gains after a ...
Forex
Franc is best performing major currency after Swiss data
2024-05-02 07:52AM UTC
Swiss Franc rallied in European trade on Thursday, extending gains for the second straight day ...
Forex
Dollar parks at two-week highs ahead of Fed decisions
2024-05-01 11:37AM UTC
The dollar rose in European trade on Wednesday against a basket of major rivals, extending gains ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 02-05-2024
2024-05-02 09:06AM UTC
GBPUSD Trading Report The GBPUSD price shows weak trades since morning, settling above 1.2500$ ...
Forex
The EURUSD price forecast update - 02-05-2024
2024-05-02 09:05AM UTC
EURUSD Trading Report The EURUSD price continues to fluctuate around 1.0715$ level, and we still ...
Forex
The EURGBP tests key support – Forecast today – 2-5-2024
2024-05-02 08:15AM UTC