EUR USD keeps its positive stability – Analysis - 11/02/2016
Economies.com
2016-02-11 05:52AM UTC
The EURUSD pair succeeded to trade above 1.1264 level, after the strong decline that we mentioned in our last technical update, to close the daily candlestick above this level, keeping our bullish trend expectations valid until now, supported by stochastic and the EMA50 positivity.
Therefore, we believe that the chances available for heading towards our main targets that begin at 1.1360 and extend to 1.1494, reminding you that breaking 1.1264 level and holding below it will push the price to test the critical support at 1.1120 before any new attempt to rise.
Expected trading range for today is between 1.1200 support and 1.1400 resistance.
Expected trend for today: Bullish
Forex and Currency News
Forex
Yen extends losses as Banks of Japan holds off intervention
2024-05-17 04:36AM UTC
Yen fell in Asian trade on Friday against a basket of major rivals, extending losses for the second ...
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 Technical Analysis
Forex
The GBPUSD forecast update 17-05-2024
2024-05-17 09:10AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price provides additional negative ...
Forex
The GBPCHF repeats the attempt to exit the negative track – Forecast today – 17-5-2024
2024-05-17 07:18AM UTC
GBPCHF Price Analysis Expected Scenario The GBPCHF price returned to form new bullish ...
Forex
The EURJPY hovers around the barrier – Forecast today – 17-5-2024
2024-05-17 07:10AM UTC
EURJPY Price Analysis Expected Scenario The EURJPY pair took advantage of stochastic ...