EURUSD begins positively – Analysis - 07-06-2017

Economies.com
2017-06-07 01:23AM UTC

The EURUSD pair begins today’s trading with calm positivity heading to 1.1300 level, and the price gets continuous positive support from the EMA50, reinforcing the chances for the continuation of the rise in the upcoming period.

 

Therefore, the bullish trend will remain active in the upcoming period unless breaking 1.1123 level and holding below it, reminding you that our first main target at 1.1365, where breaching it represents the extension key for the gains to reach 1.1615 as a next main station.

 

Expected trading range for today is between 1.1200 support and 1.1365 resistance.

 

Expected trend for today: Bullish

Forex and Currency News

Forex News

Forex

Dollar reverses higher as markets speculate about interest rates
2024-05-06 20:54PM UTC
The dollar rose against most major rivals on Monday after stabilizing earlier in the ...
Forex News

Forex

Dollar hovers near three-week trough as US yields taper off
2024-05-06 11:23AM UTC
Dollar fell in European trade on Monday against a basket of major rivals, extending losses for the ...
EUR/USD news

Forex

Euro approaches three-week high amid bullish outlook
2024-05-06 08:02AM UTC
Euro rose in European trade on Monday against a basket of major rivals, maintaining gains for the ...

Forex Technical Analysis

GBP USD Analysis

Forex

The GBPUSD forecast update 06-05-2024
2024-05-06 11:08AM UTC
GBPUSD Price Analysis The GBPUSD price attempts to breach the 1.2580$ level. Waiting to surpass ...
EUR USD Analysis

Forex

The EURUSD price forecast update - 06-05-2024
2024-05-06 11:08AM UTC
EURUSD Price Analysis The EURUSD price settles at the intraday bullish channel’s support ...
NZD USD Analysis

Forex

Deere price surrounded with positive pressures - Forecast today - 06-05-2024
2024-05-06 10:28AM UTC
Deere & Company’s stock (DE) extended its gains in the intraday levels, amid the ...