Midday update for EURUSD 29-06-2016
Economies.com
2016-06-29 10:14AM UTC
The EURUSD traded positively this morning to test 1.1100 level, but it returns to fluctuate below 1.1067 again, which shows the need for enough positive momentum that confirms breaching the mentioned level followed by pushing the price to achieve more gains.
In general, we will continue to suggest the bullish trend for today as long as the price is above 1.1025, as breaking this level represents negative factor that will push the price to test 1.0937 level again before any new attempt to rise, reminding you that the first waited target of the current bullish wave is located at 1.1196.
Expected trading range for today is between 1.1000 support and 1.1196 resistance.
Expected trend for today: Bullish
Forex and Currency News
Forex
Dollar under pressure ahead of inflation data, Powell's speech
2024-05-14 10:58AM UTC
Dollar fell in European trade on Tuesday against a basket of major rivals, on track for the second ...
Forex
Yen tumbles to two-week lows, triggering concerns of official Japanese intervention
2024-05-14 04:08AM UTC
Yen fell in Asian trade on Tuesday against a basket of major rivals, sharpening losses for the ...
Forex
Dollar moves in negative zone ahead of Fed remarks
2024-05-13 11:52AM UTC
Dollar fell in European trade on Monday against a basket of major rivals, resuming losses and ...
Forex Technical Analysis
Forex
Update: The EURUSD breaches the resistance
2024-05-14 15:07PM UTC
The EURUSD price rallied upwards to attack 1.0795$ and close the last four hours’ candlestick ...
Forex
Zscaler price ends cautiously higher - Forecast today - 14-05-2024
2024-05-14 10:13AM UTC
Zscaler’s stock price (ZS) rose in the intraday levels, amid the dominance of the downward ...
Forex
Marvel Technology price touches SMA resistance - Forecast today - 14-05-2024
2024-05-14 10:12AM UTC
Marvel Technology’s stock price (MRVL) rose in the intraday levels, touching the resistance ...