EURUSD tests the resistance – Analysis - 02-11-2018
Economies.com
2018-11-02 04:59AM UTC
The EURUSD pair recorded 1.1424 level as yesterday’s high, starting to provide calm negative trades now, which supports the chances of resuming the main bearish trend again, which depends on the price stability below 1.1443, while its targets begin at 1.1300 and extend to 1.1181 after breaking the previous level.
The EMA50 supports the expected decline, while we need to be cautious today, especially at the time of releasing the US economic data.
Expected trading range for today is between 1.1280 support and 1.1480 resistance.
Expected trend for today: Bearish
Forex and Currency News
Forex
Euro approaches three-week high amid bullish outlook
2024-05-06 08:02AM UTC
Euro rose in European trade on Monday against a basket of major rivals, maintaining gains for the ...
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 Technical Analysis
Forex
The USDCHF price hits the target – Forecast today - 06-05-2024
2024-05-06 04:09AM UTC
USDCHF Price Analysis Expected Scenarios The USDCHF price managed to achieve our waited ...
Forex
The NZDUSD price completes the positive pattern – Forecast today - 06-05-2024
2024-05-06 04:09AM UTC
NZDUSD Price Analysis Expected Scenarios The NZDUSD price settles above 0.6000$ level, which ...
Forex
The AUDUSD price hits the second target – Forecast today - 06-05-2024
2024-05-06 04:09AM UTC
AUDUSD Price Analysis Expected Scenarios The AUDUSD price found solid resistance at 0.6640$, ...