Midday update for EUR USD 21/11/2014
Economies.com
2014-11-21 11:41AM UTC
The EURUSD pair declined strongly to break the intraday bullish channel’s support, which stops the positive scenario suggested in our recent reports, and opens the way for more negative trading in the upcoming period, and a daily close below 1.2490 will confirm targeting 1.2300 followed by 1.2000 areas.
Therefore, the bearish bias will be preferred for the rest of the day, unless we witnessed breaching 1.2490 and holding above it.
Expected trading range for today is between: 1.2300 support and 1.2550 resistance.
Expected trend for today: Bearish for the rest of the day
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 ...