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Midday update for the EURUSD 12-02-2024

Economies.com
2024-02-12 10:26AM UTC

The EURUSD pair shows some slight bearish bias to head towards potential test to the key support 1.0765, affected by stochastic negativity, and as we mentioned this morning, the price needs to hold above this level to keep the bullish trend scenario active for today, as breaking it will put the price under additional negative pressure to turn to decline, while the next target of the expected bullish wave is located at 1.0860.

 

The expected trading range for today is between 1.0740 support and 1.0880 resistance.

 

The expected trend for today: Bullish

The NZDCAD attempts positively – Analysis – 12-2-2024

Economies.com
2024-02-12 07:23AM UTC

The NZDCAD pair resisted the temporary negative pressures by providing frequent positive closings above the additional support 0.8170, forming some bullish waves to surpass the MA55 and settle near 0.8255.

 

These factors confirm keeping the bullish track, noting that stochastic begins to provide the positive momentum to increase the chances of recording additional gains that might extend towards 0.8310 and 0.8380 levels soon.

 

The expected trading range for today is between 0.8235 and 0.8310

 

The expected trend for today: Bullish

Natural gas price surrenders to the negative pressures – Analysis – 12-2-2024

Economies.com
2024-02-12 07:23AM UTC

Natural gas price still affected by the negative pressures, to notice providing frequent closings below 2.150 resistance, forming new negative crawl by reaching 1.800, also, the continuous negative momentum provided by the major indicators will force the price to suffer additional losses, to keep waiting to reach the historical support at 1.560, which forms the main target for the current trades.

 

The expected trading range for today is between 2.000 and 1.560

 

The expected trend for today: Bearish

The EURJPY awaits the additional momentum – Analysis – 12-2-2024

Economies.com
2024-02-12 07:21AM UTC

The EURJPY pair ended the recent bullish rally by touching 161.25 level, followed by noticing that formation of weak sideways trades by fluctuating near 160.85, affected by stochastic exit from the overbought areas, which target providing new positive momentum for the near-term trades.

 

We remind you that it is important to hold above 160.80 to decrease the chances of the correctional decline, to expect gathering the additional positive momentum and form new bullish rally to target 161.75 followed by reaching the next main target at 162.30.

 

The expected trading range for today is between 160.85 and 161.75

 

The expected trend for today: Bullish

Frequently asked questions

What is the price of EUR/USD today?

The price of EUR/USD is $1.1715 (2025-07-09 06:36AM UTC)