Midday update for EURUSD 26-08-2016
Economies.com
2016-08-26 10:51AM UTC
The EURUSD pair still stuck between the trend confirmation levels represented by 1.1270 support and 1.1356 resistance, and as we mentioned this morning, the price needs to breach one of these levels to detect its next destination clearly, which makes us continue with our neutrality until now, especially that there is a contradiction between the EMA50 positivity and stochastic negativity.
For more details about the expected targets from breaching the above mentioned levels, please review our morning issued report.
Expected trading range for today is between 1.1150 support and 1.1400 resistance.
Expected trend for today: Depends on the above mentioned levels
Forex and Currency News
Forex
Euro under pressure ahead of European inflation data
2024-04-30 07:41AM UTC
Euro declined in European trade on Tuesday against a basket of major rivals, backing away from ...
Forex
Dollar loses ground as markets focus on corporate earnings
2024-04-29 18:46PM UTC
Dollar declined against most major rivals on Monday as markets focus on corporate earnings and the ...
Forex
Dollar under pressure from US yields and Japanese authorities
2024-04-29 11:17AM UTC
Dollar fell in European trade on Monday against a basket of major rivals, resuming gains after a ...
Forex Technical Analysis
Forex
The GBPCAD provides positive signal – Forecast today – 30-4-2024
2024-04-30 05:40AM UTC
GBPCAD Price Analysis Expected Scenario The GBPCAD price concluded recent trades with a ...
Forex
The EURJPY attempts to confirm the positivity – Forecast today – 30-4-2024
2024-04-30 05:35AM UTC
EURJPY Pair Analysis Expected Scenario The EURJPY pair ended the mixed trades by ...
Forex
The GBPJPY regains the bullish attack – Forecast today – 30-4-2024
2024-04-30 05:33AM UTC
GBPJPY Pair Analysis Expected Scenario The GBPJPY pair ended yesterday by providing a new ...