EURUSD continues to fluctuate – Analysis - 04-12-2018
Economies.com
2018-12-04 05:12AM UTC
The EURUSD pair shows sideways trading since yesterday, and still stable below 1.1400 barrier, noticing that stochastic approaches to provide negative overlapping signal on the daily time frame, waiting to motivate the price to resume the expected bearish trend on the intraday and short term basis, which targets 1.1300 followed by 1.1181 levels mainly.
We remind you that breaching 1.1443 will stop the suggested negative scenario and lead the price to achieve gains that start at 1.1550 followed by 1.1705.
Expected trading range for today is between 1.1270 support and 1.1440 resistance.
Expected trend for today: Bearish
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 NZDUSD price forecast update 03-05-2024
2024-05-03 13:54PM UTC
The NZDUSD price breached 0.6000$ level strong and settled above it, reinforcing the expectations ...
Forex
The AUDUSD price forecast update 03-05-2024
2024-05-03 13:54PM UTC
The AUDUSD price traded with strong positivity to succeed achieving our new waited target at ...
Forex
The GBPUSD forecast update 03-05-2024
2024-05-03 13:52PM UTC
The GBPUSD price traded with strong positivity to breach 1.2580$ level strongly but it returns to ...