EURUSD attempts to consolidate above the support – Analysis - 04-02-2019
Economies.com
2019-02-04 04:51AM UTC
The EURUSD pair settles at the key support 1.1443, and as we mentioned in our recent reports, the price needs to hold above this level to keep the bullish trend scenario valid for the upcoming period, which targets 1.1550 followed by 1.1705 as next main stations.
The EMA50 keeps supporting the price from below, to keep the positive scenario valid for today, taking into consideration that breaking 1.1443 and holding below it will press on the price to decline towards areas that start at 1.1355 and extend to 1.1181 after breaking the previous level.
Expected trading range for today is between 1.1355 support and 1.1550 resistance.
Expected trend for today: Bullish
Forex and Currency News
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
Franc is best performing major currency after Swiss data
2024-05-02 07:52AM UTC
Swiss Franc rallied in European trade on Thursday, extending gains for the second straight day ...
Forex Technical Analysis
Forex
Update: Weak trades, waiting the US economic data
2024-05-03 08:20AM UTC
The major currencies’ pairs and commodities show weak and tight trades since morning, waiting ...
Forex
The EURJPY threats the support – Forecast today – 3-5-2024
2024-05-03 07:07AM UTC
Scenarios Scenario 1: Potential for Positive Momentum EURJPY pair unable to shake off negative ...
Forex
The GBPJPY fluctuates near the support – Forecast today – 3-5-2024
2024-05-03 07:06AM UTC
Scenarios Scenario 1: Activation of Bullish Momentum GBPJPY pair forms new negative waves, ...