EURUSD faces negative pressure – Analysis - 12-07-2018

Economies.com
2018-07-12 03:51AM UTC

The EURUSD pair confirmed breaking 1.1705 level after closing the daily candlestick below it, to face more expected negative pressure in the upcoming period, supported by stochastic and the EMA50 negativity.

 

Therefore, the bearish bias will be suggested for today, noting that our next main target is located at 1.1554, while breaching 1.1705 followed by 1.1775 levels represent the key to stop the current negative pressure and return to the main bullish trend again.

 

Expected trading range for today is between 1.1554 support and 1.1750 resistance.

 

Expected trend for today: Bearish

Forex and Currency News

Forex News

Forex

Dollar hits six-week high ahead of US growth data
2024-03-28 11:38AM UTC
US Dollar's Rise in European Trade The US dollar rose in European trade on Thursday against a ...
EUR/USD news

Forex

Euro sharpens decline to five-week trough on the interest rate gap
2024-03-28 08:30AM UTC
Euro declined in European trade on Thursday against a basket of major rivals, sharpening losses for ...
Forex News

Forex

Dollar under pressure ahead of Christopher Waller's speech
2024-03-27 11:18AM UTC
The dollar declined in European trade on Wednesday against a basket of major rivals away from ...

Forex Technical Analysis

NZD USD Analysis

Forex

The NZDUSD price forecast update 28-03-2024
2024-03-28 10:19AM UTC
NZDUSD Price Analysis The NZDUSD price resumes its negative trading to move away from 0.6000$ ...
AUD USD Analysis

Forex

The AUDUSD price forecast update 28-03-2024
2024-03-28 10:19AM UTC
AUDUSD Price Analysis The AUDUSD price achieved initial break to 0.6500$ level and closed the ...
EUR USD Analysis

Forex

The EURUSD price forecast update - 28-03-2024
2024-03-28 10:19AM UTC
EURUSD Trading Analysis The EURUSD price resumes its negative trading to approach our first ...