EUR USD needs more positive momentum – Analysis -27/04/2015
Economies.com
2015-04-27 05:02AM UTC
The EURUSD pair keeps its stability above 1.0800 barrier, finding difficulty to surpass 1.0900 level, which urges the need of more positive momentum to push the price to breach the last level and extend the bullish wave towards 1.1000 then further to 1.1400.
In general, we continue to expect the bullish trend on the intraday and short term basis supported by the EMA50, reminding you with the condition of holding above 1.0710 to achieve the suggested targets.
Expected trading range for today is between 1.0750 support and 1.1000 resistance.
Expected trend for today: Bullish
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 USDCHF price begins the bearish correction – Forecast today - 03-05-2024
2024-05-03 03:37AM UTC
USDCHF Price Analysis The USDCHF price broke the bullish channel’s support line clearly ...
Forex
The NZDUSD price keeps rising – Forecast today - 03-05-2024
2024-05-03 03:37AM UTC
NZDUSD Price Analysis The NZDUSD price shows a more bullish bias as it approaches our awaited ...
Forex
The AUDUSD price hits the first target – Forecast today - 03-05-2024
2024-05-03 03:37AM UTC
AUDUSD Price Analysis The AUDUSD price managed to achieve our first awaited target at 0.6570$, and ...