The EURUSD builds positive formation – Analysis - 01-08-2022
Economies.com
1 year ago
The EURUSD pair trades positively to gradually approach our first waited target at 1.0278, and by taking a deeper look at the chart, we find that this level forms the confirmation line to positive pattern that has positive targets that surpass 1.0355 to reach 1.0450.
Therefore, we expect to witness more rise in the upcoming sessions supported by the EMA50 that carries the price from below, reminding you that the continuation of the bullish wave depends on the price stability above 1.0100.
The expected trading range for today is between 1.0170 support and 1.0320 resistance.
The expected trend for today: Bullish
Forex and Currency News
Forex
Dollar loses ground but still heads for best quarterly performance in a year
1 day ago
Dollar fell off ten-month highs against a basket of major rivals while on track for the largest ...
Forex
Euro resumes gains as dollar heaps pressure
1 day ago
Euro rose on Friday against a basket of major rivals amid mounting pressures on the US dollar ...
Forex
Yen rebounds from 11-month nadir
1 day ago
Dollar fell against yen on Friday after yen marked 11-month lows recently following strong hints by ...
Forex Technical Analysis
Forex
Midday update for the NZDUSD 29-09-2023
1 day ago
The NZDUSD pair managed to achieve our waited target at 0.6020 and breaches it to attempt to hold ...
Forex
Midday update for the AUDUSD 29-09-2023
1 day ago
The AUDUSD pair shows more bullish rally to approach 0.6500 barrier, reinforcing the expectations ...
Forex
Midday update for the GBPUSD 29-09-2023
1 day ago
The GBPUSD pair shows more rise to reach the thresholds of the waited target at 1.2280, and the way ...