Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

Midday update for the EURUSD 16-11-2023

Economies.com
2023-11-16 10:33AM UTC

The EURUSD pair settles below 1.0860 level, to keep the bearish trend scenario active for today, which targets testing 1.0640 as a next main station.

 

Stochastic positivity interprets the reasons of the current sideways fluctuation, waiting to get negative motive that assist to push the price to achieve the suggested target, reminding you that it is important to hold below 1.0860 to continue the expected decline.

 

The expected trading range for today is between 1.0750 support and 1.0890 resistance.

 

The expected trend for today: Bearish

The EURGBP keeps the positivity – Analysis – 16-11-2023

Economies.com
2023-11-16 05:43AM UTC

The EURGBP pair kept its positive stability within the minor bullish channel, to notice forming some bullish waves recently and reach 0.8750.

 

Also, the fluctuation of the MA55 below the bullish channel’s support line at 0.8675 confirms confining trades within the bullish track, to keep our bullish overview that might achieve additional gains soon by reaching 0.8765 followed by attacking 0.8800 resistance line.

 

The expected trading range for today is between 0.8710 and 0.8765

 

The expected trend for today: Bullish

Natural gas price seeks an exit – Analysis – 16-11-2023

Economies.com
2023-11-16 05:43AM UTC

Natural gas price continued to provide weak sideways trades by moving within the sideways track represented by 3.100 support and 3.300 resistance that keeps forming strong obstacle against regaining the bullish bias.

 

Therefore, we will stay neutral until finding a way to surpass one of these levels to manage the next targets, explained in our previous report.

 

The expected trading range for today is between 3.300 and 3.100

 

The expected trend for today: Neutral

The EURJPY needs new momentum – Analysis – 16-11-2023

Economies.com
2023-11-16 05:41AM UTC

The EURJPY pair approached the additional positive target at 164.25 yesterday, to settle below it, affected by stochastic attempt to exit the overbought areas, which might postpone the attempts to resume the bullish attack for now.

 

On the other hand, the main stability within the bullish channel and settling above the additional support 162.95 allow us to wait to gather the required additional positive momentum to renew the positivity in order to reach the bullish channel’s resistance at 164.65, followed by monitoring its behavior to manage to detect the next targets.

 

The expected trading range for today is between 163.50 and 164.70

 

The expected trend for today: Bullish

Frequently asked questions

What is the price of EUR/USD today?

The price of EUR/USD is $1.1688 (2025-07-13 06:35AM UTC)