The EURUSD confirms the break – Analysis - 17-09-2021

Economies.com
2021-09-17 04:35AM UTC

The EURUSD pair managed to confirm breaking 1.1780 level after closing yesterday below it, reinforcing the expectations of continuing the bearish trend on the intraday basis, waiting to visit 1.1700 that represents our next main target.

 

The EMA50 supports the suggested bearish wave, waiting to get negative motive that assist to push the price to move towards the mentioned target, noting that holding below 1.1780 represents initial condition to continue the expected bearish trend.

 

The expected trading range for today is between 1.1680 support and 1.1825 resistance.

 

The expected trend for today: Bearish

Forex and Currency News

Forex News

Forex

Dollar hits six-week high ahead of US growth data
2024-03-28 11:38AM UTC
US Dollar's Rise in European Trade The US dollar rose in European trade on Thursday against a ...
EUR/USD news

Forex

Euro sharpens decline to five-week trough on the interest rate gap
2024-03-28 08:30AM UTC
Euro declined in European trade on Thursday against a basket of major rivals, sharpening losses for ...
Forex News

Forex

Dollar under pressure ahead of Christopher Waller's speech
2024-03-27 11:18AM UTC
The dollar declined in European trade on Wednesday against a basket of major rivals away from ...

Forex Technical Analysis

NZD USD Analysis

Forex

The NZDUSD price forecast update 28-03-2024
2024-03-28 10:19AM UTC
NZDUSD Price Analysis The NZDUSD price resumes its negative trading to move away from 0.6000$ ...
AUD USD Analysis

Forex

The AUDUSD price forecast update 28-03-2024
2024-03-28 10:19AM UTC
AUDUSD Price Analysis The AUDUSD price achieved initial break to 0.6500$ level and closed the ...
EUR USD Analysis

Forex

The EURUSD price forecast update - 28-03-2024
2024-03-28 10:19AM UTC
EURUSD Trading Analysis The EURUSD price resumes its negative trading to approach our first ...