The EURGBP crawls negatively – Analysis – 23-1-2024
Economies.com
2024-01-23 05:53AM UTC
The EURGBP pair surrendered to the negative pressures represented by 0.8630 solid resistance in addition to the major indicators that provide the negative momentum to force it to provide new negative crawl by reaching 0.8553.
We expect to resume the negative crawl to press on 38.2% Fibonacci correction level at 0.8530, while breaking this obstacle will continue to decline and target new negative stations that start at 0.8485 followed by reaching 0.8400 in the medium term period.
The expected trading range for today is between 0.8590 and 0.8485
The expected trend for today: Bearish
Forex and Currency News
Forex
Loonie edges up after monthly employment data
2024-05-10 15:49PM UTC
The Canadian dollar rose against most major rivals following monthly jobs data which revealed solid ...
Forex
Sterling moves in a positive zone after hot growth data
2024-05-10 08:26AM UTC
Sterling rose in European trade on Friday against a basket of major rivals, extending gains for the ...
Forex
Yen heads for weekly loss as intervention momentum from Japanese authorities fade
2024-05-10 04:51AM UTC
Yen fell in Asian trade on Friday against a basket of major rivals, resuming losses against the ...
Forex Technical Analysis
Forex
The USDCHF price awaits more rise – Forecast today - 13-05-2024
2024-05-13 04:19AM UTC
USDCHF Price Analysis Expected Scenario The USDCHF price fluctuates within a sideways and ...
Forex
The NZDUSD price draws negative pattern – Forecast today - 13-05-2024
2024-05-13 04:19AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price shows new negative trades, ...
Forex
The AUDUSD price begins negatively – Forecast today - 13-05-2024
2024-05-13 04:19AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price shows some bearish bias by ...