EURUSD under more negative pressure – Analysis - 28-05-2018
Economies.com
2018-05-27 23:52PM UTC
The EURUSD pair ended last week below 1.1700 barrier, to add more confirmation to the continuation of the bearish trend in the upcoming period, which its next target located at 1.1605, noting that breaking this level will push the price towards 1.1553 as a next main station.
Therefore, the bearish trend will remain suggested on the intraday and short term basis conditioned by the price stability below 1.1785 level, noting that we might witness weak trades today, affected by the financial markets’ holidays.
Expected trading range for today is between 1.1600 support and 1.1750 resistance.
Expected trend for today: Bearish
Forex and Currency News
Forex
Dollar regains footing ahead of important Fed remarks
2024-05-07 11:34AM UTC
Dollar rose in European trade on Tuesday against a basket of major rivals, holding ground above ...
Forex
Aussie is worst performing major currency after RBA's decision
2024-05-07 08:01AM UTC
The Australian dollar fell in European trade on Tuesday against a basket of major rivals, moving ...
Forex
Yen extends losses as intervention momentum from Japanese authorities fades
2024-05-07 04:03AM UTC
Yen lost ground in Asian trade against a basket of major rivals, heading for the second loss in a ...
Forex Technical Analysis
Forex
The EURJPY achieves some targets – Forecast today – 7-5-2024
2024-05-07 05:33AM UTC
Expected Scenarios and Trading Range Scenario 1: Bullish Attack EURJPY pair utilizes ...
Forex
The GBPJPY begins to rise – Forecast today – 7-5-2024
2024-05-07 05:33AM UTC
Expected Scenarios and Trading Range Scenario 1: Correctional Decline Ended GBPJPY pair ...
Forex
The USDCHF price attempts to recover – Forecast today - 07-05-2024
2024-05-07 03:51AM UTC
USDCHF Price Analysis The USDCHF price shows positive trades, indicating a potential resumption ...