EUR USD below the moving average – Analysis -28/08/2015
Economies.com
2015-08-28 05:03AM UTC
The EURUSD pair approached from our main waited target yesterday at 1.1180, showing some sideways trading now settling below the previously broken 50% Fibonacci level, which is met by the EMA50 to add more strength to this resistance, which encourages us to continue suggesting the bearish trend for the upcoming period, which its next targets extend to reach 1.1060.
Stochastic positivity might cause more sideways fluctuation before turning back to resume the bearish trend, which its continuation conditions holding below 1.1385.
Expected trading range for today is between 1.1100 support and 1.1385 resistance.
Expected trend for today: Bearish
Forex and Currency News
Forex
Dollar plumbs three-week low ahead of US payrolls report
2024-05-03 11:57AM UTC
Dollar fell in European trade on Friday against a basket of major rivals, extending losses for the ...
Forex
Yen hits three-week high as Japanese authorities intervene
2024-05-03 04:57AM UTC
Yen rose in Asian trade on Friday against major rivals, extending gains for the third straight ...
Forex
Dollar rebounds ahead of US unemployment claims data
2024-05-02 11:10AM UTC
Dollar rose in European trade on Thursday against a basket of major rivals, resuming gains after a ...
Forex Technical Analysis
Forex
The NZDUSD price forecast update 03-05-2024
2024-05-03 13:54PM UTC
The NZDUSD price breached 0.6000$ level strong and settled above it, reinforcing the expectations ...
Forex
The AUDUSD price forecast update 03-05-2024
2024-05-03 13:54PM UTC
The AUDUSD price traded with strong positivity to succeed achieving our new waited target at ...
Forex
The GBPUSD forecast update 03-05-2024
2024-05-03 13:52PM UTC
The GBPUSD price traded with strong positivity to breach 1.2580$ level strongly but it returns to ...