Midday update for EURUSD 27-08-2018
Economies.com
2018-08-27 10:07AM UTC
The EURUSD pair retests the previously breached resistance of the bearish channel that appears on the chart, affected by stochastic negativity, but as long as the price is stable above 1.1554, our bullish overview will remain active for today, supported by moving above the EMA50, waiting to visit 1.1705 level as a first main station, noting that breaking 1.1554 will push the price to test 1.1443 before detecting the next destination clearly.
Expected trading range for today is between 1.1554 support and 1.1730 resistance.
Expected trend for today: Bullish
Forex and Currency News
Forex
Dollar loses ground as markets focus on corporate earnings
2024-04-29 18:46PM UTC
Dollar declined against most major rivals on Monday as markets focus on corporate earnings and the ...
Forex
Dollar under pressure from US yields and Japanese authorities
2024-04-29 11:17AM UTC
Dollar fell in European trade on Monday against a basket of major rivals, resuming gains after a ...
Forex
Euro hovers near two-week high despite bearish outlook
2024-04-29 07:40AM UTC
Euro rose in European trade on Monday against a basket of major rivals, resuming gains against the ...
Forex Technical Analysis
Forex
The USDCHF price under the negative pressure – Forecast today - 30-04-2024
2024-04-30 04:05AM UTC
USDCHF Price Analysis The USDCHF price broke the bullish channel’s support line yesterday ...
Forex
The NZDUSD price loses momentum – Forecast today - 30-04-2024
2024-04-30 04:05AM UTC
NZDUSD Price Analysis The NZDUSD price started today negatively after losing positive momentum, ...
Forex
The AUDUSD price faces solid resistance – Forecast today - 30-04-2024
2024-04-30 04:05AM UTC
AUDUSD Price Analysis The AUDUSD price faced difficulty in surpassing the 0.6570$ level, starting ...