Midday update for the EURUSD 16-05-2022
Economies.com
1 year ago
The EURUSD pair surpassed 1.0405 level and settled above it, to head towards achieving more expected intraday bullish correction in the upcoming sessions, and we prefer to monitor the upcoming trading to confirm the next destination clearly, noting that breaching 1.0435 will push the price to 1.0490 as a next positive station, while breaking 1.0405 will reactivate the main negative scenario to head towards testing 1.0355 initially.
Therefore, we will stay aside temporarily until the price confirms surpassing one of the above mentioned levels.
The expected trading range for today is between 1.0350 support and 1.0480 resistance.
The expected trend for today: Neutral
Forex and Currency News
Forex
Dollar loses ground but still heads for best quarterly performance in a year
1 day ago
Dollar fell off ten-month highs against a basket of major rivals while on track for the largest ...
Forex
Euro resumes gains as dollar heaps pressure
1 day ago
Euro rose on Friday against a basket of major rivals amid mounting pressures on the US dollar ...
Forex
Yen rebounds from 11-month nadir
1 day ago
Dollar fell against yen on Friday after yen marked 11-month lows recently following strong hints by ...
Forex Technical Analysis
Forex
Midday update for the NZDUSD 29-09-2023
1 day ago
The NZDUSD pair managed to achieve our waited target at 0.6020 and breaches it to attempt to hold ...
Forex
Midday update for the AUDUSD 29-09-2023
1 day ago
The AUDUSD pair shows more bullish rally to approach 0.6500 barrier, reinforcing the expectations ...
Forex
Midday update for the GBPUSD 29-09-2023
1 day ago
The GBPUSD pair shows more rise to reach the thresholds of the waited target at 1.2280, and the way ...