EURUSD breaks the support – Analysis - 07-12-2017
Economies.com
2017-12-07 05:08AM UTC
The EURUSD pair ended yesterday's trading below 1.1808 level, to confirm completing the double top pattern that its signs appear on the chart, paving the way to trade negatively in the upcoming sessions, noting that our main target is located at 1.1679.
Therefore, the bearish bias will be suggested for today, supported by the negative pressure formed by the EMA50, noting that breaching 1.1808 followed by 1.1855 levels will stop the current negative pressure and lead the price to regain the main bullish trend again.
Expected trading range for today is between 1.1700 support and 1.1870 resistance.
Expected trend for today: Bearish
Forex and Currency News
Forex
Euro approaches week high amid positive outlook
2024-04-18 08:30AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Dollar gives up five-month high on profit-taking
2024-04-17 10:56AM UTC
The dollar lost ground in European trade on Wednesday against a basket of major rivals away from ...
Forex
Sterling starts recovering after hot UK inflation data
2024-04-17 06:43AM UTC
Sterling rose in European trade on Wednesday for the first time in four days against the dollar, ...
Forex Technical Analysis
Forex
The NZDCAD surrenders to the resistance line stability – Forecast today – 19-4-2024
2024-04-19 08:21AM UTC
NZDCAD Pair Analysis Expected Scenario The NZDCAD pair has confirmed its submission to ...
Forex
The GBPJPY holds above the support – Forecast today – 19-4-2024
2024-04-19 08:15AM UTC
GBPJPY Pair Analysis Expected Scenario The GBPJPY pair experienced sudden negative ...
Forex
The USDCHF price under the negative pressure – Forecast today - 19-04-2024
2024-04-19 04:20AM UTC
USDCHF Price Analysis Expected Scenario The USDCHF price begins today with strong decline ...