EURUSD shows weak trading – Analysis - 27-12-2016
The EURUSD pair settles below the EMA50 that continues to form good negative pressure against the price, showing slight negative trading by this week opening, as markets affected by the weak trading volumes caused by the end of year's holidays season.
In general, the bearish trend scenario still valid and active on the short term basis depending on the organized trading inside the bearish channel that appears on chart, waiting to target 1.0326 level initially, which breaking it represents the key to head towards 1.0185 as a next main station, reminding you that holding below 1.0519 represents key condition to achieve the suggested targets.
Expected trading range for today is between 1.0300 support and 1.0519 resistance.
Expected trend for today: Bearish
Forex and Currency News
Forex
Dollar regains footing ahead of important Fed remarks
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
The Australian dollar fell in European trade on Tuesday against a basket of major rivals, moving ...
Forex
Yen extends losses as intervention momentum from Japanese authorities fades
Yen lost ground in Asian trade against a basket of major rivals, heading for the second loss in a ...
Forex Technical Analysis
Forex
The EURJPY achieves some targets – Forecast today – 7-5-2024
Expected Scenarios and Trading Range Scenario 1: Bullish Attack EURJPY pair utilizes ...
Forex
The GBPJPY begins to rise – Forecast today – 7-5-2024
Expected Scenarios and Trading Range Scenario 1: Correctional Decline Ended GBPJPY pair ...
Forex
The USDCHF price attempts to recover – Forecast today - 07-05-2024
USDCHF Price Analysis The USDCHF price shows positive trades, indicating a potential resumption ...