EURUSD resumes rising – Analysis - 31-05-2017
Economies.com
2017-05-31 01:35AM UTC
The EURUSD pair kept its stability above the critical support at 1.1123 after yesterday’s negative pressure, and it gets positive signal by stochastic now, which supports the chances for the continuation of the bullish bias in the upcoming sessions, waiting for testing 1.1365 level mainly.
Therefore, we prefer continuing the rise on the intraday and short term basis, taking into consideration that breaking 1.1123 level will push the price to visit 1.0973 levels before any new attempt to rise.
Expected trading range for today is between 1.1100 support and 1.1300 resistance.
Expected trend for today: Bullish
Forex and Currency News
Forex
Yen moves in negative zone under supervision of Japanese authorities
2024-05-08 04:36AM UTC
Yen declined on Wednesday in Asian trade against a basket of major rivals, extending losses for the ...
Forex
Dollar regains footing ahead of important Fed remarks
2024-05-07 11:34AM UTC
Dollar rose in European trade on Tuesday against a basket of major rivals, holding ground above ...
Forex
Aussie is worst performing major currency after RBA's decision
2024-05-07 08:01AM UTC
The Australian dollar fell in European trade on Tuesday against a basket of major rivals, moving ...
Forex Technical Analysis
Forex
The USDCHF price gets a positive motive – Forecast today - 09-05-2024
2024-05-09 03:41AM UTC
USDCHF Price Analysis Forecasts and Analysis The USDCHF price settles around the 0.9085 ...
Forex
The NZDUSD price awaits additional break – Forecast today - 09-05-2024
2024-05-09 03:41AM UTC
NZDUSD Price Analysis Forecasts and Analysis The NZDUSD price fluctuates around the ...
Forex
The AUDUSD price faces solid support – Forecast today - 09-05-2024
2024-05-09 03:41AM UTC
AUDUSD Price Analysis Forecasts and Analysis The AUDUSD price finds solid support around ...