Midday update for EURUSD 30-10-2017
Economies.com
2017-10-30 10:42AM UTC
The EURUSD pair shows some slight bullish bias since morning affected by stochastic positivity that loses its bullish momentum gradually, accompanied by the price approach from the key resistance at 1.1679, and as we mentioned in our recent reports, holding below this level keeps the negative effect of the head and shoulders' active, waiting for more decline on the short term basis.
Therefore, we will continue to suggest the bearish trend conditioned by holding below 1.1679, reminding you that our next target is located at 1.1423.
Expected trading range for today is between 1.1500 support and 1.1679 resistance.
Expected trend for today: Bearish
Forex and Currency News
Forex
Dollar climbs ahead of crucial US data
2024-04-30 11:33AM UTC
The dollar rose in European trade on Tuesday against a basket of major rivals away from two-week ...
Forex
Euro under pressure ahead of European inflation data
2024-04-30 07:41AM UTC
Euro declined in European trade on Tuesday against a basket of major rivals, backing away from ...
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 Technical Analysis
Forex
The NZDUSD price forecast update 30-04-2024
2024-04-30 09:24AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price trades with clear negativity to ...
Forex
The AUDUSD price forecast update 30-04-2024
2024-04-30 09:24AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price is facing additional negative ...
Forex
The EURUSD price forecast update - 30-04-2024
2024-04-30 09:23AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price shows new negative trades to ...