EURUSD recovers – Analysis - 10-01-2017
Economies.com
2017-01-10 05:31AM UTC
The EURUSD pair rallied higher yesterday after testing 1.0519 level and holding above it, where it managed to surpass 1.0581 barrier to ease the way towards the continuation of the bullish trend and targeting 1.0731 level that represents the next main target for the current bullish wave.
Therefore, we will keep our bullish trend expectations valid efficiently in the upcoming period supported by the EMA50, taking into consideration that breaking 1.0519 level will put the price under negative pressure that leads the trading towards 1.0415 then 1.0326 levels initially.
Expected trading range for today is between 1.0519 support and 1.0731 resistance.
Expected trend for today: Bullish
Forex and Currency News
Forex
Euro parks at two-week high amid positive sentiment
2024-04-24 07:41AM UTC
Euro rose in European trade on Wednesday, widening gains for the fourth straight session and ...
Forex
Aussie gains ground despite mixed data
2024-04-23 20:58PM UTC
The Australian dollar rose against a basket of major rivals on Tuesday following mixed ...
Forex
Sterling loses ground under pressure from BOE
2024-04-23 07:35AM UTC
Sterling fell in European trade on Tuesday against a basket of major rivals, extending losses for ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 24-04-2024
2024-04-24 09:29AM UTC
The GBPUSD price shows negative trades to head towards testing the key support 1.2385$, which ...
Forex
The EURUSD price forecast update - 24-04-2024
2024-04-24 09:29AM UTC
Analysis of Expected Scenarios The EURUSD price begins to rebound bearishly after testing ...
Forex
The CADJPY settles within the bullish track – Forecast today – 24-4-2024
2024-04-24 05:44AM UTC
CADJPY Price Analysis Expected Scenario The CADJPY price kept its consolidation within ...