EURUSD attempts to recover – Analysis - 29-11-2018
Economies.com
2018-11-29 05:29AM UTC
The EURUSD pair settled around 1.1380 level after the bullish rally that it witnessed yesterday, which keeps the bearish trend scenario valid until now, depending on the price stability below 1.1443, supported by the negative pressure provided by the EMA50.
We remind you that our targets begin by breaking 1.1300 to confirm heading towards 1.1181 as a next main target, taking into consideration that breaching 1.1443 will stop the expected decline and lead the price to achieve gains that start at 1.1550 and extend to 1.1705.
Expected trading range for today is between 1.1280 support and 1.1443 resistance.
Expected trend for today: Bearish
Forex and Currency 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
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
Euro scales 16-year peak against yen
2024-04-25 07:51AM UTC
Euro rallied in Asian trade on Thursday against the yen, extending gains for the fifth straight ...
Forex Technical Analysis
Forex
The EURCAD under the negative pressure – Forecast today – 26-4-2024
2024-04-26 06:52AM UTC
EURCAD Price Analysis Expected Scenario The EURCAD price repeated the negative closings ...
Forex
The EURJPY achieves the second target – Forecast today – 26-4-2024
2024-04-26 06:47AM UTC
EURJPY Price Analysis Expected Scenario The EURJPY pair formed new bullish rally ...
Forex
The GBPJPY records big gains – Forecast today – 26-4-2024
2024-04-26 06:46AM UTC
GBPJPY Price Analysis Expected Scenario The GBPJPY pair succeeded to keep the bullish ...