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Midday update for the EURUSD 05-06-2020

Economies.com
2020-06-05 10:33AM UTC

The EURUSD pair faces negative pressure now to approach testing the key support base 1.1295, and as we mentioned this morning, the price needs to hold above this level to keep the bullish trend scenario active for today, which gets continuous support by the EMA50, waiting to get positive motive that assists to push the price to head towards our next target at 1.1418.

 

Note that the markets waiting for the unemployment and payrolls’ data from the US economy today, which might cause mixed trades and high volatility, which urges caution from the upcoming trading.

 

The expected trading range for today is between 1.1260 support and 1.1430 resistance.

 

The expected trend for today: Bullish

The EURCHF approaches the resistance – Analysis – 5-6-2020

Economies.com
2020-06-05 07:52AM UTC

The EURCHF Pair faced strong positive pressures recently, to notice forming strong correctional bullish rebound to approach the main bearish channel’s resistance at 1.0878.

 

The stability of the current resistance will force the price to form new negative trades to start targeting the negative levels at 1.0778 and 1.0723, while breaching the resistance and holding above it will confirm moving to the bullish track, allowing us to suggest reaching new positive stations that might start at 1.0970.

 

The expected trading range for today is between 1.0880 and 1.0778

 

The expected trend for today: Bearish

Hang Seng presses on the initial barrier – Analysis – 5-6-2020

Economies.com
2020-06-05 07:51AM UTC

Hang Seng index provided clear pressure on 24715.00 barrier recently, taking advantage of the positive momentum to expect breaching this barrier soon to start gaining by reaching 25170.00 and 25700.00 levels.

 

The expected trading range for today is between 24450.00 and 25170.00

 

The expected trend for today: Bullish

The EURJPY colored green – Analysis – 5-6-2020

Economies.com
2020-06-05 07:49AM UTC

The EURJPY pair traded positively since surpassing 121.80 barrier, to notice recording many positive targets recently to settle at 124.30, while the positive stability above the additional support 123.20 allows us to suggest many bullish attempts to wait to record the additional targets at 125.20 and 126.00.

 

The expected trading range for today is between 123.30 and 125.20

 

The expected trend for today: Bullish

Frequently asked questions

What is the price of EUR/USD today?

The price of EUR/USD is $1.1774 (2025-07-04 23:55PM UTC)