EURUSD tests the support again – Analysis - 21-11-2017
Economies.com
2017-11-21 04:38AM UTC
The EURUSD pair continues to fluctuate at the breached resistance of the bearish channel that appears on chart, and the EMA50 meets this level to add more strength to it, while stochastic moves at the oversold areas again.
Therefore, these factors encourage us to continue suggesting the bullish trend in the upcoming sessions, and the price needs to breach 1.1855 level to ease the mission of rallying towards our first main target at 1.2100, while holding above 1.1679 represents the most important condition to achieve the suggested targets.
Expected trading range for today is between 1.1679 support and 1.1850 resistance.
Expected trend for today: Bullish
Forex and Currency News
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
Franc is best performing major currency after Swiss data
2024-05-02 07:52AM UTC
Swiss Franc rallied in European trade on Thursday, extending gains for the second straight day ...
Forex Technical Analysis
Forex
Update: Weak trades, waiting the US economic data
2024-05-03 08:20AM UTC
The major currencies’ pairs and commodities show weak and tight trades since morning, waiting ...
Forex
The EURJPY threats the support – Forecast today – 3-5-2024
2024-05-03 07:07AM UTC
Scenarios Scenario 1: Potential for Positive Momentum EURJPY pair unable to shake off negative ...
Forex
The GBPJPY fluctuates near the support – Forecast today – 3-5-2024
2024-05-03 07:06AM UTC
Scenarios Scenario 1: Activation of Bullish Momentum GBPJPY pair forms new negative waves, ...