The EURUSD awaits more rise – Analysis - 09-08-2022

Economies.com
2022-08-09 04:21AM UTC

The EURUSD pair continues to fluctuate around 1.0200 level, moving within the bullish channel that supports the chances of continuing the expected bullish wave for the upcoming period, to continue suggesting the bullish trend for the upcoming period, waiting to test 1.0278 initially, reminding you that breaching this level will push the price to 1.0355 followed by 1.0450 levels as next main stations.

 

In general, the bullish trend scenario will remain active unless breaking 1.0100 and holding below it.

 

The expected trading range for today is between 1.0120 support and 1.0280 resistance.

 

Open Live Trading Account

The expected trend for today: Bullish

Forex and Currency News

Forex News

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 ...
EUR/JPY news

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 ...
EUR/USD news

Forex

Euro parks at two-week high amid positive sentiment
2024-04-24 07:41AM UTC
Euro rose in European trade on Wednesday, widening gains for the fourth straight session and ...

Forex Technical Analysis

NZD USD Analysis

Forex

The NZDUSD price forecast update 25-04-2024
2024-04-25 09:42AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price shows new positive trades now, ...
AUD USD Analysis

Forex

The AUDUSD price forecast update 25-04-2024
2024-04-25 09:42AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price resumes its positive trading ...
GBP USD Analysis

Forex

The GBPUSD forecast update 25-04-2024
2024-04-25 09:42AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price rallies upwards strongly to ...