EUR USD goes further 31/01/2013

Economies.com
2013-01-31 05:23AM UTC

The pair continued the strong positive trading to settle above 1.3500, and made an attempt to surpass the minor bullish channel resistance appears in the image, where it fluctuates around this level now affected by Stochastic negativity that stops the bullish bias temporarily.

 

In general, we remain preferring the bullish bias on the short term basis, and the price channels that appear in the image are supporting us, while the main target is located at 1.3825, pointing that breaking below 1.3485 will delay achieving the waited targets. 

 

Expected trading range for today is between: 1.3485 support and 1.3700 resistance.

 

Expected trend for today: Bullish

 

Forex and Currency News

EUR/USD news

Forex

Euro declines to five-week trough amid thin trading
2024-03-29 08:19AM UTC
Euro Decline Amid Holiday Thin Trading Euro declined in European trade on Friday against a basket ...
Forex News

Forex

Dollar hits six-week high ahead of US growth data
2024-03-28 11:38AM UTC
US Dollar's Rise in European Trade The US dollar rose in European trade on Thursday against a ...
EUR/USD news

Forex

Euro sharpens decline to five-week trough on the interest rate gap
2024-03-28 08:30AM UTC
Euro declined in European trade on Thursday against a basket of major rivals, sharpening losses for ...

Forex Technical Analysis

Technical Analysis

Forex

The NZDCAD moves to the bearish track – Forecast today – 29-3-2024
2024-03-29 06:18AM UTC
NZDCAD Pair Forecast for Today - 29-3-2024 The NZDCAD pair surrendered to the negative ...
EUR JPY Analysis

Forex

The EURJPY declines below the support – Forecast today – 29-3-2024
2024-03-29 06:13AM UTC
EURJPY Pair Forecast for Today - 29-3-2024 The EURJPY pair surrendered to the negative ...
GBP JPY Analysis

Forex

The GBPJPY has to decline – Forecast today – 29-3-2024
2024-03-29 06:12AM UTC
GBPJPY Pair Forecast for Today - 29-3-2024 The GBPJPY pair still confined with many negative ...