EUR USD opens with sharp bearish gap 18/03/2013
Economies.com
2013-03-18 05:25AM UTC
The pair opened this week trading with a big price gap to the downside, to be trading now at 1.2900, and in spite of the last week’s close above the bearish channel that appears in the image, we need to stay aside today, to be certain from the price behavior according to 1.2990.
Note that the cover rule of the price gaps might push the price towards 1.3075, especially that Stochastic is entering the oversold areas.
Expected trading range for today is between: 1.2800 support and 1.3075 resistance.
Expected trend for today: Neutral
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 EURUSD price forecast update - 17-05-2024
2024-05-17 09:09AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price shows additional negative trades ...
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 ...