Midday update for the EURUSD 02-07-2021
Economies.com
2021-07-02 09:13AM UTC
The EURUSD pair shows new negative trades to approach 1.1800 barrier, reinforcing the expectations of continuing the bearish trend for the rest of the day, which targets 1.1780 as a next station, noting that the continuation of the bearish wave depends on the price stability below 1.1888.
We should note that the waited data from the US economy might cause high volatility at the markets, therefore, it is important to be cautious during today’s trading.
The expected trading range for today is between 1.1740 support and 1.1920 resistance.
The expected trend for today: Bearish
Forex and Currency News
Forex
BOE holds interest rates unchanged for sixth straight meeting
2024-05-09 11:33AM UTC
Bank of England voted to hold interest rates unchanged for the fifth straight meeting at 5.25%, the ...
Forex
Sterling under pressure ahead of BOE decisions
2024-05-09 07:50AM UTC
Sterling fell in European trade on Thursday against a basket of major rivals, extending losses for ...
Forex
Yen moves in negative zone under supervision of Japanese authorities
2024-05-08 04:36AM UTC
Yen declined on Wednesday in Asian trade against a basket of major rivals, extending losses for the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 09-05-2024
2024-05-09 09:34AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price achieved initial break to ...
Forex
The EURUSD price forecast update - 09-05-2024
2024-05-09 09:34AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price resumes its negative trading to ...
Forex
The EURGBP begins to rise – Forecast today – 9-5-2024
2024-05-09 05:54AM UTC
EURGBP Price Analysis Expected Scenario The EURGBP price succeeded to hold above 38.2% ...