EUR/USD Weekly Technical Report 8-12/7/2013
ecPulse
2013-07-08 06:36AM UTC
The pair dropped last week causing a break to the bullish key support level and 50% correction at 1.2875 shown on graph. Stability above the referred to level keeps negativity valid, as the first suggested target for this week is 1.2675 represented in 61.8%. Breaking 61.8% correction might extend bearishness in the upcoming period.
The trading range for this week is among the key support at 1.2560 and key resistance at 1.2970.
The general trend over short term basis is to the downside targeting 1.2675 as far as areas of 1.3170 remains intact.
Forex and Currency News
Forex
Dollar plumbs three-week low ahead of US payrolls report
2024-05-03 11:57AM UTC
Dollar fell in European trade on Friday against a basket of major rivals, extending losses for the ...
Forex
Yen hits three-week high as Japanese authorities intervene
2024-05-03 04:57AM UTC
Yen rose in Asian trade on Friday against major rivals, extending gains for the third straight ...
Forex
Dollar rebounds ahead of US unemployment claims data
2024-05-02 11:10AM UTC
Dollar rose in European trade on Thursday against a basket of major rivals, resuming gains after a ...
Forex Technical Analysis
Forex
The NZDUSD price forecast update 03-05-2024
2024-05-03 13:54PM UTC
The NZDUSD price breached 0.6000$ level strong and settled above it, reinforcing the expectations ...
Forex
The AUDUSD price forecast update 03-05-2024
2024-05-03 13:54PM UTC
The AUDUSD price traded with strong positivity to succeed achieving our new waited target at ...
Forex
The GBPUSD forecast update 03-05-2024
2024-05-03 13:52PM UTC