The EURUSD attempts to recover – Analysis - 20-05-2022
Economies.com
2022-05-20 04:26AM UTC
The EURUSD pair rallied upwards strongly yesterday to breach 1.0550 level and settles above it, to head towards achieving more bullish correction on the intraday basis, on its way to visit 1.0670 that represents 38.2% Fibonacci correction level for the decline that started from 1.1185 areas.
Therefore, the bullish bias will be suggested for today, noting that breaking 1.0550 and holding below it will stop the positive scenario and press on the price to decline again.
The expected trading range for today is between 1.0490 support and 1.0650 resistance.
The expected trend for today: Bullish
Forex and Currency News
Forex
Sterling surges to 16-year peak against yen
2024-04-26 08:11AM UTC
Sterling rose in European trade on Friday against a basket of major rivals, extending gains for the ...
Forex
Dollar tumbles to two-week lows ahead of US growth data
2024-04-25 11:18AM UTC
Dollar fell in European trade on Thursday against a basket of major rivals, resuming losses and ...
Forex
Euro scales 16-year peak against yen
2024-04-25 07:51AM UTC
Euro rallied in Asian trade on Thursday against the yen, extending gains for the fifth straight ...
Forex Technical Analysis
Forex
The EURCAD under the negative pressure – Forecast today – 26-4-2024
2024-04-26 06:52AM UTC
EURCAD Price Analysis Expected Scenario The EURCAD price repeated the negative closings ...
Forex
The EURJPY achieves the second target – Forecast today – 26-4-2024
2024-04-26 06:47AM UTC
EURJPY Price Analysis Expected Scenario The EURJPY pair formed new bullish rally ...
Forex
The GBPJPY records big gains – Forecast today – 26-4-2024
2024-04-26 06:46AM UTC
GBPJPY Price Analysis Expected Scenario The GBPJPY pair succeeded to keep the bullish ...