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Midday update for the EURUSD 02-02-2024

Economies.com
2024-02-02 10:55AM UTC

The EURUSD pair shows new positive trades to test the key resistance 1.0890, which represents one of the next trend keys besides 1.0860 support, and as we mentioned this morning, the price needs to surpass one of these levels to detect its next targets clearly, which keeps our neutrality valid until now.

 

The contradiction between the technical indicators provides another reason for neutrality, while you can review the details of the expected targets after breaching the above mentioned levels through our morning report for the EURUSD pair.

 

The expected trading range for today is between 1.0780 support and 1.0960 resistance.

 

The expected trend for today: Neutral

The NZDCAD needs an exit – Analysis – 2-2-2024

Economies.com
2024-02-02 08:00AM UTC

The NZDCAD pair postponed the bullish attack and settled within tight sideways track represented by 0.8172 support and 0.8255 resistance.

 

The price might continue to form weak waves, while stochastic attempt to provide the positive momentum allows us to wait to achieve the mentioned barrier to open the way to reach the main positive stations that might start at 0.8305 and 0.8370.

 

The expected trading range for today is between 0.8190 and 0.8260

 

The expected trend for today: Sideways

Natural gas price keeps the negative stability – Analysis – 2-2-2024

Economies.com
2024-02-02 07:59AM UTC

Natural gas price continued the contradiction between stochastic positivity against the main stability within the bearish track, to provide more sideways fluctuation near 2.070, assuring the importance of holding below the MA55 at 2.750 to increase the chances of gathering the required negative momentum to reach the negative stations at 1.850 and 1.600.

 

The expected trading range for today is between 2.250 and 1.850

 

The expected trend for today: Bearish

The EURJPY fluctuates within the bearish track – Analysis – 2-2-2024

Economies.com
2024-02-02 07:57AM UTC

The EURJPY pair surrendered to the stability of the bearish channel’s support line at 158.20 to force it to postpone the attempt to resume the negative attack and start activating the correctional bullish track, to notice settling near 159.50.

 

The current bullish rebound won’t form any threat to the bearish track due to the frequent stability below the bearish channel’s resistance line at 160.00, thus, we will keep waiting to gather the additional negative momentum to manage to start the decline and target some negative stations that start at 159.00 followed by reaching 158.40.

 

The expected trading range for today is between 159.75 and 158.95

 

The expected trend for today: Bearish

Frequently asked questions

What is the price of EUR/USD today?

The price of EUR/USD is $1.1753 (2025-07-07 06:45AM UTC)