The EURUSD consolidates above the support – Analysis - 14-05-2021
Economies.com
2021-05-14 04:47AM UTC
The EURUSD pair kept its stability above 1.2064 level, and begins providing positive trades in attempt to move away from the mentioned level, which makes us suggest witnessing bullish bias today, targeting testing 1.2170 initially.
Therefore, the bullish bias will be expected for the upcoming sessions, noting that breaching 1.2090 will ease the mission of achieving the expected rise, while breaking 1.2064 represents negative factor that will press on the price to turn to decline and visit 1.1976 initially.
The expected trading range for today is between 1.2000 support and 1.2170 resistance.
The expected trend for today: Bullish
Forex and Currency News
Forex
Yen swoons by over 1% after BOJ decision
2024-04-26 18:30PM UTC
Yen tumbled against most major rivals on Friday following the Bank of Japan’s policy ...
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
End of day EURUSD price forecast update - 26-04-2024
2024-04-26 16:36PM UTC
The EURUSD price is facing strong negative pressure to break 1.0715$ level and attempts to hold ...
Forex
The GBPUSD forecast update 26-04-2024
2024-04-26 10:59AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price shows some slight bearish bias ...
Forex
The EURUSD price forecast update - 26-04-2024
2024-04-26 10:58AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price settles above 1.0715$ level, ...