Midday update for EUR USD 31/07/2015
Economies.com
2015-07-31 11:03AM UTC
The EURUSD pair tests 1.0990 level, affected by stochastic positivity as we suggested this morning, noticing that the indicators reaches the thresholds of the overbought levels, to support that chances of bouncing lower and resuming the bearish trend again, supported by the EMA50.
Therefore, we will keep our bearish track expectations in the upcoming period, conditioned by holding below 1.0990 level, reminding you that our main targets begin at 1.0880 and extend to 1.0740.
Expected trading range for today is between 1.0800 support and 1.1050 resistance.
Expected trend for today: Bearish
Forex and Currency News
Forex
Euro trades at two-month highs amid positive outlook
2024-05-20 06:38AM UTC
Euro rose in European trade on Monday against a basket of major rivals, resuming gains and ...
Forex
Yen extends losses as Banks of Japan holds off intervention
2024-05-17 04:36AM UTC
Yen fell in Asian trade on Friday against a basket of major rivals, extending losses for the second ...
Forex
Euro extends gains to two-month highs amid positive outlook
2024-05-16 08:33AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex Technical Analysis
Forex
The EURJPY jumps above the barrier – Forecast today – 20-5-2024
2024-05-20 05:45AM UTC
EURJPY Pair Analysis Expected Scenario The EURJPY pair was affected by frequent positive ...
Forex
The GBPJPY approaches the additional target – Forecast today – 20-5-2024
2024-05-20 05:45AM UTC
GBPJPY Pair Analysis Expected Scenario The GBPJPY pair succeeded in holding above the ...
Forex
The USDCHF price awaits more rise – Forecast today - 20-05-2024
2024-05-20 03:56AM UTC
USDCHF Price Analysis Expected Scenario The USDCHF price settles above the EMA50, ...