The EURUSD approaches the first target – Analysis - 25-07-2019

Economies.com
2019-07-25 06:22AM UTC

The EURUSD pair shows more negative trading to approach gradually from our first waited target at 1.1100, and the price falls under continuous negative pressure coming by the EMA50, to support the chances of breaking the mentioned level followed by extending the bearish wave to reach our next waited target at 1.1000.

 

Therefore, we will continue to suggest the bearish trend in the upcoming sessions conditioned by the price stability below 1.1180, being aware that it is important to be careful during today’s trading, especially at the time of releasing the Euro rate decision and the ECB president press release.

 

The expected trading range for today is between 1.1030 support and 1.1200 resistance.

 

The expected trend for today: Bearish

Forex and Currency News

Forex News

Forex

Dollar hovers near six-week high ahead of consumer spending data, Powell's remarks
2024-03-29 11:28AM UTC
Dollar Strengthens Amid Declining Rate Cut Odds The dollar rose in European trade on Friday ...
EUR/USD news

Forex

Euro declines to five-week trough amid thin trading
2024-03-29 08:19AM UTC
Euro Decline Amid Holiday Thin Trading Euro declined in European trade on Friday against a basket ...
Forex News

Forex

Dollar hits six-week high ahead of US growth data
2024-03-28 11:38AM UTC
US Dollar's Rise in European Trade The US dollar rose in European trade on Thursday against a ...

Forex Technical Analysis

Technical Analysis

Forex

The NZDCAD moves to the bearish track – Forecast today – 29-3-2024
2024-03-29 06:18AM UTC
NZDCAD Pair Forecast for Today - 29-3-2024 The NZDCAD pair surrendered to the negative ...
EUR JPY Analysis

Forex

The EURJPY declines below the support – Forecast today – 29-3-2024
2024-03-29 06:13AM UTC
EURJPY Pair Forecast for Today - 29-3-2024 The EURJPY pair surrendered to the negative ...
GBP JPY Analysis

Forex

The GBPJPY has to decline – Forecast today – 29-3-2024
2024-03-29 06:12AM UTC
GBPJPY Pair Forecast for Today - 29-3-2024 The GBPJPY pair still confined with many negative ...