Midday update for the EURUSD 20-09-2023

2023-09-20 09:07AM UTC

The EURUSD pair returns to test the main bearish channel’s resistance, affected by stochastic positivity, while the EMA50 continues to press negatively on the price.


Therefore, the bearish trend scenario will remain valid for today, waiting to get negative motive that assist to push the price to achieve our targets that start at 1.0635 and extend to 1.0515, reminding you that the continuation of the bearish wave depends on the price stability below 1.0705.


The expected trading range for today is between 1.0590 support and 1.0740 resistance.


The expected trend for today: Bearish

Forex and Currency News

AUD/USD news


Aussie climbs after expected rate decision
2024-06-18 19:10PM UTC
The Australian dollar rose against most major rivals on Tuesday after an expected decision by the ...
Forex News


Dollar hovers near six-week high ahead of US retail sales data
2024-06-18 11:33AM UTC
The US dollar rose in European trade on Tuesday against a basket of major rivals, resuming gains ...
GBP/USD news


Sterling moves towards four-week low amid downward risks
2024-06-18 08:11AM UTC
Sterling fell in European trade on Tuesday against a basket of major rivals, resuming losses ...

Forex Technical Analysis

GBP USD Analysis


The GBPUSD forecast update 18-06-2024
2024-06-18 09:30AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price trades with clear negativity now ...
EUR USD Analysis


The EURUSD price forecast update - 18-06-2024
2024-06-18 09:29AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price resumes its negative trading to ...
Technical Analysis


The EURCHF attempts to resume the rise – Forecast today – 18-6-2024
2024-06-18 06:51AM UTC
EURCHF Price Analysis Expected Scenario The EURCHF price ended the correctional bearish ...