EURUSD continues to rise – Analysis - 23-05-2017
Economies.com
2017-05-23 04:27AM UTC
The EURUSD pair continued achieving the gains yesterday to settle near 1.1250 level, and we believe that the way is open for targeting the recorded top at 1.1365 in the upcoming period, supported by the EMA50 that keeps carrying the price from below.
Therefore, the bullish trend will remain preferred for today, being aware that holding above 1.1123 represents an important condition for the suggested rise, where breaking it will push the price to test 1.0973 levels before any new attempt to rise.
Expected trading range for today is between 1.1180 support and 1.1365 resistance.
Expected trend for today: Bullish
Forex and Currency News
Forex
Yen extends losses as Banks of Japan holds off intervention
2024-05-17 04:36AM UTC
Yen fell in Asian trade on Friday against a basket of major rivals, extending losses for the second ...
Forex
Euro extends gains to two-month highs amid positive outlook
2024-05-16 08:33AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Yen gains ground as US treasury yields dip
2024-05-16 04:20AM UTC
Yen rose in Asian trade on Thursday against a basket of major rivals, extending gains for the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 17-05-2024
2024-05-17 09:10AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price provides additional negative ...
Forex
The EURUSD price forecast update - 17-05-2024
2024-05-17 09:09AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price shows additional negative trades ...
Forex
The GBPCHF repeats the attempt to exit the negative track – Forecast today – 17-5-2024
2024-05-17 07:18AM UTC
GBPCHF Price Analysis Expected Scenario The GBPCHF price returned to form new bullish ...