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Evening update analysis for the EURUSD 17-11-2023

Economies.com
2023-11-17 16:47PM UTC

The EURUSD pair surpassed 1.0860 level and closed the last four hours’ candlestick above it, to hint turning to rise and achieve gains on the intraday basis, noting that closing the day above the mentioned level will push the price towards 1.0960 as a next positive target, while trading below 1.0860 will reactivate the bearish trend scenario that its next target located at 1.0760.

Midday update for Brent oil 17-11-2023

Economies.com
2023-11-17 10:44AM UTC

Brent oil price shows clear positive trades to move away from 77.44, which hints heading to achieve potential gains in the upcoming sessions, which makes us prefer to stay aside until we get clearer signal for the next trend.

 

Note that breaching 79.10 will push the price to continue the rise and head towards 81.00 as a next positive target, while breaking 77.44 represents the key to reactivate the negative scenario that its next target located at 74.65.

 

The expected trading range for today is between 76.20 support and 79.30 resistance.

 

The expected trend for today: Neutral

Midday update for Crude oil 17-11-2023

Economies.com
2023-11-17 10:44AM UTC

Crude oil price is testing the key resistance 73.73, affected by stochastic positivity, and as we mentioned this morning, the price needs to hold below this level to keep the bearish trend scenario active, which its next target located at 71.65.

 

On the other hand, we should note that confirming breaching 73.73 will push the price to turn to rise and build bullish wave that targets 75.85 areas initially.

 

The expected trading range for today is between 71.50 support and 74.50 resistance.

 

The expected trend for today: Bearish

Midday update for Silver 17-11-2023

Economies.com
2023-11-17 10:44AM UTC

Silver price resumes its positive trading to breach 24.00 barrier, which supports the continuation of the bullish trend in the upcoming sessions efficiently, and the way is open to achieve our main waited target at 24.60, reminding you that it is important to hold above 23.70 to continue the bullish wave and guarantee not turning to decline.

 

The expected trading range for today is between 23.60 support and 24.30 resistance.

 

The expected trend for today: Bullish

Frequently asked questions

What is the price of EUR/USD today?

The price of EUR/USD is $1.1782 (2025-07-06 21:35PM UTC)