EUR USD visits the support line

Economies.com
2013-02-20 18:28PM UTC

The pair declined approaching again from the upside channel's support shown in the image at 1.3285, accompanied with stochastic reaching the oversold areas' threshold.

 

The bearish bias will be preferred on the intraday basis effected by breaking 1.3405, but we need to be aware and cautious after the US dollar rate decision awaited in less than half an hour from now.

Forex and Currency News

USD/JPY news

Forex

Yen swoons by over 1% after BOJ decision
2024-04-26 18:30PM UTC
Yen tumbled against most major rivals on Friday following the Bank of Japan’s policy ...
GBP/JPY news

Forex

Sterling surges to 16-year peak against yen
2024-04-26 08:11AM UTC
Sterling rose in European trade on Friday against a basket of major rivals, extending gains for the ...
Forex News

Forex

Dollar tumbles to two-week lows ahead of US growth data
2024-04-25 11:18AM UTC
Dollar fell in European trade on Thursday against a basket of major rivals, resuming losses and ...

Forex Technical Analysis

EUR USD Analysis

Forex

End of day EURUSD price forecast update - 26-04-2024
2024-04-26 16:36PM UTC
The EURUSD price is facing strong negative pressure to break 1.0715$ level and attempts to hold ...
GBP USD Analysis

Forex

The GBPUSD forecast update 26-04-2024
2024-04-26 10:59AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price shows some slight bearish bias ...
EUR USD Analysis

Forex

The EURUSD price forecast update - 26-04-2024
2024-04-26 10:58AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price settles above 1.0715$ level, ...