The EURUSD approaches the resistance – Analysis - 26-08-2019
Economies.com
2019-08-26 05:12AM UTC
The EURUSD pair settles around 1.1150 level after the strong bullish rally that it witnessed on last Friday’s evening, noticing that the price moves inside a bearish channel that appears on the chart, while the EMA50 forms continuous negative pressure against the price.
Therefore, the overall bearish trend scenario still valid, supported by stochastic approach to the overbought areas, waiting to rebound bearishly to target 1.1000 as a next main station, reminding you that it is important to hold below 1.1180 to continue the expected decline.
The expected trading range for today is between 1.1050 support and 1.1200 resistance.
The expected trend for today: Bearish
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 ...