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
Aussie gains ground despite mixed data
2024-04-23 20:58PM UTC
The Australian dollar rose against a basket of major rivals on Tuesday following mixed ...
Forex
Sterling loses ground under pressure from BOE
2024-04-23 07:35AM UTC
Sterling fell in European trade on Tuesday against a basket of major rivals, extending losses for ...
Forex
Dollar moves in a positive zone as US treasury yields gian ground
2024-04-22 11:41AM UTC
Dollar rose in European trade on Monday against a basket of major rivals, resuming movements in the ...
Forex Technical Analysis
Forex
The NZDUSD price attempts positively – Forecast today - 24-04-2024
2024-04-24 03:58AM UTC
NZDUSD Price Expected Scenario The NZDUSD price shows calm bullish bias to move away ...
Forex
The AUDUSD price hits the target – Forecast today - 24-04-2024
2024-04-24 03:58AM UTC
AUDUSD Price Expected Scenario The AUDUSD price managed to achieve our waited target at ...
Forex
The USDCAD price hits the first target – Forecast today - 24-04-2024
2024-04-24 03:55AM UTC
USDCAD Price Analysis USDCAD Scenario: The USDCAD price succeeded to touch our first waited ...