EURUSD tests the triangle’s resistance – Analysis - 17-04-2018
Economies.com
2018-04-17 03:39AM UTC
The EURUSD pair fluctuates around the symmetrical triangle’s resistance that appears on the chart, waiting to confirm breaching this level to get strong positive motive that supports the chances of heading towards our main waited target at 1.2536.
In general, we will continue to suggest the bullish trend in the upcoming sessions unless breaking 1.2304 and holding below it, noting that stochastic negativity interprets the reasons of the current sideways fluctuation around the mentioned resistance.
Expected trading range for today is between 1.2300 support and 1.2480 resistance.
Expected trend for today: Bullish
Forex and Currency News
Forex
Euro extends gains to two-month highs amid positive outlook
2024-05-16 08:33AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Yen gains ground as US treasury yields dip
2024-05-16 04:20AM UTC
Yen rose in Asian trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
US Dollar extends losses after inflation data
2024-05-15 20:25PM UTC
The US dollar fell against most major rivals on Wednesday, extending losses after the release of US ...
Forex Technical Analysis
Forex
The USDCHF price consolidates above the support – Forecast today - 17-05-2024
2024-05-17 04:07AM UTC
Price Analysis for USDCHF Expected Scenario The USDCHF price couldn’t manage to ...
Forex
The NZDUSD price needs the positive momentum – Forecast today - 17-05-2024
2024-05-17 04:07AM UTC
Price Analysis for NZDUSD Expected Scenario The NZDUSD price shows sideways trades in the ...
Forex
The AUDUSD price heads towards resting the neckline – Forecast today - 17-05-2024
2024-05-17 04:07AM UTC
Price Analysis for AUDUSD Expected Scenario The AUDUSD price faces temporary negative ...