Midday update for EURUSD 14-02-2017
Economies.com
2017-02-14 11:55AM UTC
The EURUSD pair made an initial test to the falling wedge's resistance that appears on the above chart, while stochastic provides positive signals that we are waiting to motivate the price to breach the mentioned resistance at 1.0640, which will push the price upwards towards our first target at 1.0852.
Therefore, the bullish trend scenario will remain valid and active for today unless breaking 1.0581 level, reminding you that breaching 1.0852 level will extend the pair's gains to reach 1.0973 as a next main station.
Expected trading range for today is between 1.0520 support and 1.0700 resistance.
Expected trend for today: Bullish
Forex and Currency News
Forex
Sterling sharpens decline to five-month nadir after weak data
2024-04-19 11:40AM UTC
Sterling tumbled in European trade against a basket of major rivals, sharpening losses for the ...
Forex
Euro approaches week high amid positive outlook
2024-04-18 08:30AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Dollar gives up five-month high on profit-taking
2024-04-17 10:56AM UTC
The dollar lost ground in European trade on Wednesday against a basket of major rivals away from ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 19-04-2024
2024-04-19 10:43AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price trades with clear positivity to ...
Forex
The EURUSD price forecast update - 19-04-2024
2024-04-19 10:43AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price finds solid support at the ...
Forex
The NZDCAD surrenders to the resistance line stability – Forecast today – 19-4-2024
2024-04-19 08:21AM UTC
NZDCAD Pair Analysis Expected Scenario The NZDCAD pair has confirmed its submission to ...