The EURUSD declines again – Analysis - 25-11-2019
Economies.com
2019-11-25 05:56AM UTC
The EURUSD pair ended last Friday with strong decline and confirmed breaking 1.1065 level, to activate the bearish trend scenario again, affected by the double top pattern that its signs appear on the chart, waiting for more decline in the upcoming sessions.
Our expected targets begin at 1.0995 followed by 1.0950, taking into consideration that breaching 1.1065 will stop the expected decline and lead the price to start new recovery attempts that target testing 1.1105 followed by 1.1180 areas mainly.
The expected trading range for today is between 1.0950 support and 1.1180 resistance.
The expected trend for today: Bearish
Forex and Currency News
Forex
Dollar regains footing ahead of important Fed remarks
2024-05-07 11:34AM UTC
Dollar rose in European trade on Tuesday against a basket of major rivals, holding ground above ...
Forex
Aussie is worst performing major currency after RBA's decision
2024-05-07 08:01AM UTC
The Australian dollar fell in European trade on Tuesday against a basket of major rivals, moving ...
Forex
Yen extends losses as intervention momentum from Japanese authorities fades
2024-05-07 04:03AM UTC
Yen lost ground in Asian trade against a basket of major rivals, heading for the second loss in a ...
Forex Technical Analysis
Forex
The EURJPY achieves some targets – Forecast today – 7-5-2024
2024-05-07 05:33AM UTC
Expected Scenarios and Trading Range Scenario 1: Bullish Attack EURJPY pair utilizes ...
Forex
The GBPJPY begins to rise – Forecast today – 7-5-2024
2024-05-07 05:33AM UTC
Expected Scenarios and Trading Range Scenario 1: Correctional Decline Ended GBPJPY pair ...
Forex
The USDCHF price attempts to recover – Forecast today - 07-05-2024
2024-05-07 03:51AM UTC
USDCHF Price Analysis The USDCHF price shows positive trades, indicating a potential resumption ...