Midday update for EURUSD 21-03-2017
Economies.com
2017-03-21 11:13AM UTC
The EURUSD pair resumes its positive trading clearly after leaning on 1.0731 level, to begin testing 1.0800 barrier now, which supports the continuation of our bullish trend expectations efficiently in the upcoming period, and its next target located at 1.0852.
Therefore, we will keep preferring the bullish bias for the rest of the day unless breaking 1.0731 level and holding below it, reminding you that breaching the targeted level will extend the pair’s gains to reach 1.0973 on the near term basis.
Expected trading range for today is between 1.0700 support and 1.0900 resistance.
Expected trend for today: Bullish
Forex and Currency News
Forex
Franc is best performing major currency after Swiss data
2024-05-02 07:52AM UTC
Swiss Franc rallied in European trade on Thursday, extending gains for the second straight day ...
Forex
Dollar parks at two-week highs ahead of Fed decisions
2024-05-01 11:37AM UTC
The dollar rose in European trade on Wednesday against a basket of major rivals, extending gains ...
Forex
Kiwi plumbs two-week trough after disappointing labor data
2024-05-01 05:03AM UTC
The New Zealand dollar fell in Asian trade on Wednesday against a basket of major rivals, ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 02-05-2024
2024-05-02 09:06AM UTC
GBPUSD Trading Report The GBPUSD price shows weak trades since morning, settling above 1.2500$ ...
Forex
The EURUSD price forecast update - 02-05-2024
2024-05-02 09:05AM UTC
EURUSD Trading Report The EURUSD price continues to fluctuate around 1.0715$ level, and we still ...
Forex
The EURGBP tests key support – Forecast today – 2-5-2024
2024-05-02 08:15AM UTC
Expected Scenarios The EURGBP price formed many bearish trades recently, to test 38.2% ...