No news for EURUSD – Analysis - 09-11-2017
Economies.com
2017-11-09 04:08AM UTC
The tight range keeps dominating the EURUSD pair's trading, which continues to fluctuate around 1.1600 level, settling below it, while the EMA50 keeps pushing negatively on the price.
Therefore, the bearish trend scenario will remain valid as it is without any change, affected by the previously completed head and shoulders' pattern, as our next main target is located at 1.1423, while holding below 1.1679 represents the most important condition to achieve it.
Expected trading range for today is between 1.1500 support and 1.1680 resistance.
Expected trend for today: Bearish
Forex and Currency News
Forex
Euro scales 16-year peak against yen
2024-04-25 07:51AM UTC
Euro rallied in Asian trade on Thursday against the yen, extending gains for the fifth straight ...
Forex
Euro parks at two-week high amid positive sentiment
2024-04-24 07:41AM UTC
Euro rose in European trade on Wednesday, widening gains for the fourth straight session and ...
Forex
Aussie gains ground despite mixed data
2024-04-23 20:58PM UTC
The Australian dollar rose against a basket of major rivals on Tuesday following mixed ...
Forex Technical Analysis
Forex
The GBPAUD prepares to decline – Forecast today – 25-4-2024
2024-04-25 05:48AM UTC
GBPAUD Price Analysis The GBPAUD price confirmed its surrender to the domination of the bearish ...
Forex
The EURJPY achieves big gains – Forecast today – 25-4-2024
2024-04-25 05:42AM UTC
EURJPY Pair Analysis The EURJPY pair succeeded to resume the bullish attack since this morning ...
Forex
The GBPJPY resumes the rise – Forecast today – 25-4-2024
2024-04-25 05:41AM UTC
GBPJPY Pair Analysis The GBPJPY pair took advantage of the frequent positive pressures to ...