The EURUSD begins positively – Analysis - 08-12-2021

Economies.com
2021-12-08 05:15AM UTC

The EURUSD pair traded with clear positivity by today’s open, to test the EMA50 that forms initial resistance at 1.1295, and attempts to protect the expected intraday negative scenario, which targets 1.1145 mainly.

 

Until now, the bearish trend still valid and suggested for the upcoming period, noting that breaching 1.1295 might push the price to achieve additional gains and test 1.1375 areas before any new attempt to decline.

 

The expected trading range for today is between 1.1200 support and 1.1350 resistance.

 

The expected trend for today: Bearish

Forex and Currency News

Forex News

Forex

Dollar parks at two-week highs ahead of Fed decisions
2024-05-01 11:37AM UTC
The dollar rose in European trade on Wednesday against a basket of major rivals, extending gains ...
NZD/USD news

Forex

Kiwi plumbs two-week trough after disappointing labor data
2024-05-01 05:03AM UTC
The New Zealand dollar fell in Asian trade on Wednesday against a basket of major rivals, ...
Forex News

Forex

Dollar climbs ahead of crucial US data
2024-04-30 11:33AM UTC
The dollar rose in European trade on Tuesday against a basket of major rivals away from two-week ...

Forex Technical Analysis

USD CHF Analysis

Forex

The USDCHF price gathers the positive momentum – Forecast today - 02-05-2024
2024-05-02 04:03AM UTC
USDCHF Price Analysis Expected Scenario The USDCHF price faced temporary negative pressure ...
NZD USD Analysis

Forex

The NZDUSD price places higher lows – Forecast today - 02-05-2024
2024-05-02 04:03AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price ended yesterday positively to settle ...
AUD USD Analysis

Forex

The AUDUSD price is recovering – Forecast today - 02-05-2024
2024-05-02 04:02AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price surpassed 0.6500$ level and settled ...