Midday update for EUR USD 14/11/2012
Economies.com
2012-11-14 11:09AM UTC
As expected, the pair makes positive attempts to breach 1.2725, to support the chances to return to the bullish channel, and as we can see from the four hours chart, we find that the recent trading was limited within a falling wedge pattern as the price now breaches its’ resistance, and this reinforces the chances to achieve more bullish moves during the upcoming period.
Until now, we need to stay aside, where the price must surpass 1.2800 to confirm the positive effect activation for the mentioned wedge pattern, while breaching below 1.2700 will put a negative pressure at the price again.
Expected trading range for today is between: 1.2550 support and 1.2910 resistance.
Expected trend for today: Neutral
Forex and Currency News
Forex
Sterling surges to 16-year peak against yen
2024-04-26 08:11AM UTC
Sterling rose in European trade on Friday against a basket of major rivals, extending gains for the ...
Forex
Dollar tumbles to two-week lows ahead of US growth data
2024-04-25 11:18AM UTC
Dollar fell in European trade on Thursday against a basket of major rivals, resuming losses and ...
Forex
Euro scales 16-year peak against yen
2024-04-25 07:51AM UTC
Euro rallied in Asian trade on Thursday against the yen, extending gains for the fifth straight ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 26-04-2024
2024-04-26 10:59AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price shows some slight bearish bias ...
Forex
The EURUSD price forecast update - 26-04-2024
2024-04-26 10:58AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price settles above 1.0715$ level, ...
Forex
The EURCAD under the negative pressure – Forecast today – 26-4-2024
2024-04-26 06:52AM UTC
EURCAD Price Analysis Expected Scenario The EURCAD price repeated the negative closings ...