EUR USD visits the resistance 21/03/2013
Economies.com
2013-03-21 05:45AM UTC
The pair rose up yesterday to hit the bearish channel resistance that appears in the image, which meets the EMA50 to add more strength to this level, to keep the negative scenario valid and active until now, but we must be aware that the consolidation around the resistance level for long time might form signals for attempting to breach above this level, and then turn the intraday track towards the upside.
In general, the bearish trend will remain valid unless 1.2965 and 1.2990 were breached.
Expected trading range for today is between: 1.2800 support and 1.3045 resistance.
Expected trend for today: Bearish
Forex and Currency News
Forex
Aussie gains ground despite mixed data
2024-04-23 20:58PM UTC
The Australian dollar rose against a basket of major rivals on Tuesday following mixed ...
Forex
Sterling loses ground under pressure from BOE
2024-04-23 07:35AM UTC
Sterling fell in European trade on Tuesday against a basket of major rivals, extending losses for ...
Forex
Dollar moves in a positive zone as US treasury yields gian ground
2024-04-22 11:41AM UTC
Dollar rose in European trade on Monday against a basket of major rivals, resuming movements in the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 23-04-2024
2024-04-23 11:05AM UTC
The GBPUSD price tested the key resistance 1.2385$ and bounced bearishly from there, to keep the ...
Forex
The EURUSD price forecast update - 23-04-2024
2024-04-23 11:05AM UTC
The EURUSD price shows sideways trades since morning, and continues to fluctuate around the EMA50, ...
Forex
The GBPCHF under the negative effect – Forecast today – 23-4-2024
2024-04-23 05:12AM UTC
GBPCHF Pair Price Analysis Expected Scenario The GBPCHF pair still affected by the ...