EUR USD still under the negative pressure 10/01/2014

Economies.com
2014-01-10 06:05AM UTC

The pair made new test to 1.3560 which continues to form a solid support against the price attempts to decline, at the same time, the price still stable below 1.3620, which keeps the chances valid to achieve the bearish intraday trend which targets testing 1.3505 level

 

Stochastic shows bullish trend that might push the price for new tests to breach above 1.3620 level, but in general, the bearish bias will be preferred unless the price breached the mentioned level and settled above it.

 

We remind you that it’s important to be careful during trading today, especially at the time of releasing the unemployment and payroll data from the US economy.

 

Expected trading range for today is between: 1.3505 support and 1.3690 resistance.

 

Expected trend for today: Bearish

Forex and Currency News

Forex News

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 ...
USD/JPY news

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 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 Technical Analysis

NZD USD Analysis

Forex

The NZDUSD price forecast update 03-05-2024
2024-05-03 13:54PM UTC
The NZDUSD price breached 0.6000$ level strong and settled above it, reinforcing the expectations ...
AUD USD Analysis

Forex

The AUDUSD price forecast update 03-05-2024
2024-05-03 13:54PM UTC
The AUDUSD price traded with strong positivity to succeed achieving our new waited target at ...
GBP USD Analysis

Forex

The GBPUSD forecast update 03-05-2024
2024-05-03 13:52PM UTC
The GBPUSD price traded with strong positivity to breach 1.2580$ level strongly but it returns to ...