EUR USD approaches the main target – Analysis -31/10/2014
Economies.com
2014-10-31 04:48AM UTC
The EURUSD pair traded with clear negativity yesterday approaching from our main waited target at 1.2490, reinforcing our expectations to witness more bearish bias in the upcoming period, which is supported by stochastic and the EMA50 negativity.
We remind you that holding below 1.2785 represents a main condition to continue the suggested bearish trend, while it’s important to monitor the price behavior when reaching the mentioned target, as breaking it will extend the pair’s losses to reach the psychological barrier at 1.2000.
Expected trading range for today is between: 1.2490 support and 1.2700 resistance.
Expected trend for today: Bearish
Forex and Currency News
Forex
Euro extends gains to two-month highs amid positive outlook
2024-05-16 08:33AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Yen gains ground as US treasury yields dip
2024-05-16 04:20AM UTC
Yen rose in Asian trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
US Dollar extends losses after inflation data
2024-05-15 20:25PM UTC
The US dollar fell against most major rivals on Wednesday, extending losses after the release of US ...
Forex Technical Analysis
Forex
The USDCHF price consolidates above the support – Forecast today - 17-05-2024
2024-05-17 04:07AM UTC
Price Analysis for USDCHF Expected Scenario The USDCHF price couldn’t manage to ...
Forex
The NZDUSD price needs the positive momentum – Forecast today - 17-05-2024
2024-05-17 04:07AM UTC
Price Analysis for NZDUSD Expected Scenario The NZDUSD price shows sideways trades in the ...
Forex
The AUDUSD price heads towards resting the neckline – Forecast today - 17-05-2024
2024-05-17 04:07AM UTC
Price Analysis for AUDUSD Expected Scenario The AUDUSD price faces temporary negative ...