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
Yen swoons by over 1% after BOJ decision
2024-04-26 18:30PM UTC
Yen tumbled against most major rivals on Friday following the Bank of Japan’s policy ...
Forex
Sterling surges to 16-year peak against yen
2024-04-26 08:11AM UTC
Sterling rose in European trade on Friday against a basket of major rivals, extending gains for the ...
Forex
Dollar tumbles to two-week lows ahead of US growth data
2024-04-25 11:18AM UTC
Dollar fell in European trade on Thursday against a basket of major rivals, resuming losses and ...
Forex Technical Analysis
Forex
End of day EURUSD price forecast update - 26-04-2024
2024-04-26 16:36PM UTC
The EURUSD price is facing strong negative pressure to break 1.0715$ level and attempts to hold ...
Forex
The GBPUSD forecast update 26-04-2024
2024-04-26 10:59AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price shows some slight bearish bias ...
Forex
The EURUSD price forecast update - 26-04-2024
2024-04-26 10:58AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price settles above 1.0715$ level, ...