EURUSD begins positively – Analysis - 20-06-2016
Economies.com
2016-06-20 00:44AM UTC
The EURUSD pair opens today’s trading with a bullish price gap that puts the price near the first waited main target at 1.1356, as we mentioned in our last reports, we wait for breaching this level to confirm opening the way towards extending the bullish wave to 1.1614.
The EMA50 keeps providing positive support for the price, which encourages us to keep preferring the bullish trend in the upcoming sessions, pointing that the price might witness some temporary slight bearish bias to cover the above mentioned price gap before resuming the suggested bullish trend, and its continuation conditioned by holding above 1.1170 level.
Expected trading range for today is between 1.1220 support and 1.1450 resistance.
Expected trend for today: Bullish
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 USDCHF price hits the target – Forecast today - 06-05-2024
2024-05-06 04:09AM UTC
USDCHF Price Analysis Expected Scenarios The USDCHF price managed to achieve our waited ...
Forex
The NZDUSD price completes the positive pattern – Forecast today - 06-05-2024
2024-05-06 04:09AM UTC
NZDUSD Price Analysis Expected Scenarios The NZDUSD price settles above 0.6000$ level, which ...
Forex
The AUDUSD price hits the second target – Forecast today - 06-05-2024
2024-05-06 04:09AM UTC
AUDUSD Price Analysis Expected Scenarios The AUDUSD price found solid resistance at 0.6640$, ...