Midday update for the EURUSD 15-09-2021
Economies.com
2021-09-15 09:20AM UTC
The EURUSD pair trades with clear positivity to attack the bearish channel’s resistance and moves above it now, which urges caution from the upcoming trading, as the price heads for potential turn for the trend to the upside, especially that stochastic provides positive signals now, which makes us prefer staying neutral now until we get clearer signal for the next trend.
Note that holding above 1.1825 will lead the price to visit 1.1888 initially, while trading below it again will reactivate the bearish trend scenario that targets 1.1780 followed by 1.1700 levels as next main stations.
The expected trading range for today is between 1.1750 support and 1.1888 resistance.
The expected trend for today: Neutral
Forex and Currency News
Forex
Dollar moves in a positive zone as US treasury yields gian ground
2024-04-22 11:41AM UTC
Dollar rose in European trade on Monday against a basket of major rivals, resuming movements in the ...
Forex
Euro gains ground and heads for $1.07
2024-04-22 07:45AM UTC
Euro rose in European trade on Monday against a basket of major rivals, extending gains for the ...
Forex
Sterling sharpens decline to five-month nadir after weak data
2024-04-19 11:40AM UTC
Sterling tumbled in European trade against a basket of major rivals, sharpening losses for the ...
Forex Technical Analysis
Forex
The GBPCHF under the negative effect – Forecast today – 23-4-2024
2024-04-23 05:12AM UTC
GBPCHF Pair Price Analysis Expected Scenario The GBPCHF pair still affected by the ...
Forex
The EURJPY prepares for new rise – Forecast today – 23-4-2024
2024-04-23 05:01AM UTC
EURJPY Pair Price Analysis Expected Scenario No change to the EURJPY pair’s bullish ...
Forex
The GBPJPY fluctuates within the bullish track – Forecast today – 23-4-2024
2024-04-23 05:00AM UTC
GBPJPY Pair Price Analysis Expected Scenario The GBPJPY pair provided more mixed trades ...