Midday update for EURUSD 30-11-2016
Economies.com
2016-11-30 11:04AM UTC
The EURUSD pair hovers around the EMA50 since morning settling around 1.0645, to keep trading stuck between the trend confirmation levels represented by 1.0519 support and 1.0685 resistance, which keeps our neutrality valid until now, waiting to surpass one of these levels to detect the next targets clearly.
We remind you that breaching the mentioned resistance will push the price to target areas that start at 1.0778 and extend to 1.0938 on the short term basis, while breaking the support will push the price to head towards 1.0326 direct.
Expected trading range for today is between 1.0500 support and 1.0778 resistance.
Expected trend for today: Depends on the above mentioned levels
Forex and Currency News
Forex
Dollar hovers near three-week trough as US yields taper off
2024-05-06 11:23AM UTC
Dollar fell in European trade on Monday against a basket of major rivals, extending losses for the ...
Forex
Euro approaches three-week high amid bullish outlook
2024-05-06 08:02AM UTC
Euro rose in European trade on Monday against a basket of major rivals, maintaining gains for the ...
Forex
Dollar plumbs three-week low ahead of US payrolls report
2024-05-03 11:57AM UTC
Dollar fell in European trade on Friday against a basket of major rivals, extending losses for the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 06-05-2024
2024-05-06 11:08AM UTC
GBPUSD Price Analysis The GBPUSD price attempts to breach the 1.2580$ level. Waiting to surpass ...
Forex
The EURUSD price forecast update - 06-05-2024
2024-05-06 11:08AM UTC
EURUSD Price Analysis The EURUSD price settles at the intraday bullish channel’s support ...
Forex
Deere price surrounded with positive pressures - Forecast today - 06-05-2024
2024-05-06 10:28AM UTC
Deere & Company’s stock (DE) extended its gains in the intraday levels, amid the ...