Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

End of day analysis for EURUSD 16-01-2018

Economies.com
2018-01-16 19:43PM UTC

The EURUSD pair bounced upwards strongly after the decline that it witnessed in the previous sessions, which supports the expectations of continuing the overall bullish trend, motivated by the positive signal provided by stochastic now, waiting to breach 1.2300 to confirm opening the way to head towards 1.2565 that represents our next main station.

Litecoin faces the critical support – Analysis - 16-01-2018

Economies.com
2018-01-16 12:30PM UTC

Litecoin price tested the critical support 198.26 without managing to break it until now, which represents 61.8% Fibonacci correction for the rise measured from 89.02 to 375.00, which means that breaking it will put the price under more negative pressure that its next targets reach 156.51.

 

In general, the bearish trend will be suggested in the upcoming sessions unless the price managed to breach 265.76 and hold above it, as breaching this level will lead the price to regain the main bullish trend that its targets start by testing 307.51 and extend to the recently recorded top at 375.00.

 

Expected trading range for today is between 156.51 support and 232.00 resistance

Expected trend for today: Bearish

Ripple tests the most important support – Analysis - 16-01-2018

Economies.com
2018-01-16 12:30PM UTC

Ripple price traded with strong negativity today to break 61.8% Fibonacci correction for the rise measured from 0.67 to 3.31, to touch 76.4% Fibonacci at 1.29 direct, noticing that the price shows recovery attempts and test the bearish channel's resistance that appears on chart.

 

The EMA50 negativity contradicts stochastic positivity, which makes us prefer staying aside temporarily until the price confirms surpassing one of the key levels represented by 1.29 support and 1.68 resistance, noting that breaking the mentioned support will push the price to suffer more losses that reach 0.67 as a next main station, while breaching the resistance will allow the price to get rid of the current negative pressure and achieve gains that start at 2.30 and extend to 2.69.

 

Expected trading range for today is between 1.25 support and 2.00 resistance

Expected trend for today: Depends on the above mentioned level

Ethereum under the negative pressure – Analysis - 16-01-2018

Economies.com
2018-01-16 12:29PM UTC

Ethereum price faced strong negative pressure to break the bullish channel's support and settles below it, suffering losses that pushed the price to test the recently recorded low at 965.18, which hints the price head to achieve more decline in the upcoming period, especially after moving below the EMA50.

 

Therefore, the bearish bias will be suggested in the upcoming sessions unless the price succeeded to breach 1204.00 followed by 1320.00 levels and hold above them, noting that breaking 965.18 will confirm extending the bearish wave to reach 848.15 followed by 712.00 areas as next main stations.

 

Expected trading range for today is between 960.00 support and 1320.00 resistance

Expected trend for today: Bearish

Frequently asked questions

What is the price of EUR/USD today?

The price of EUR/USD is $1.1627 (2025-07-16 08:35AM UTC)