EURUSD approaches from the target – Analysis - 16-12-2016
Economies.com
2016-12-16 05:03AM UTC
The EURUSD pair traded with strong negativity yesterday after confirming breaking 1.0519 level, to approach from our first main waited target at 1.0326, noticing that the price shows some bullish bias now affected by stochastic positivity, while the EMA50 keeps pushing negatively on the price.
Therefore, we will continue to suggest the bearish bias in the upcoming sessions as long as the price is below 1.0519, noting that surpassing the waited target will push the price to visit 1.0280 level as a next main station.
Expected trading range for today is between 1.0300 support and 1.0519 resistance.
Expected trend for today: Bearish
Forex and Currency News
Forex
Yen moves in negative zone under supervision of Japanese authorities
2024-05-08 04:36AM UTC
Yen declined on Wednesday in Asian trade against a basket of major rivals, extending losses for the ...
Forex
Dollar regains footing ahead of important Fed remarks
2024-05-07 11:34AM UTC
Dollar rose in European trade on Tuesday against a basket of major rivals, holding ground above ...
Forex
Aussie is worst performing major currency after RBA's decision
2024-05-07 08:01AM UTC
The Australian dollar fell in European trade on Tuesday against a basket of major rivals, moving ...
Forex Technical Analysis
Forex
The NZDUSD price forecast update 08-05-2024
2024-05-08 09:36AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price presses on the key support ...
Forex
The AUDUSD price forecast update 08-05-2024
2024-05-08 09:36AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price achieved initial break to ...
Forex
The GBPUSD forecast update 08-05-2024
2024-05-08 09:36AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price achieved initial break to ...