EURUSD recovers – Analysis - 10-01-2017
Economies.com
2017-01-10 05:31AM UTC
The EURUSD pair rallied higher yesterday after testing 1.0519 level and holding above it, where it managed to surpass 1.0581 barrier to ease the way towards the continuation of the bullish trend and targeting 1.0731 level that represents the next main target for the current bullish wave.
Therefore, we will keep our bullish trend expectations valid efficiently in the upcoming period supported by the EMA50, taking into consideration that breaking 1.0519 level will put the price under negative pressure that leads the trading towards 1.0415 then 1.0326 levels initially.
Expected trading range for today is between 1.0519 support and 1.0731 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 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 ...