The EURUSD draws negative pattern – Analysis - 18-01-2022
Economies.com
2022-01-18 05:19AM UTC
The EURUSD pair settled below the intraday bullish channel’s support line, noticing that it forms potential double top pattern, which might press on the price to break 1.1375 level and return to the main bearish track again.
Therefore, we prefer to stay aside until we get clearer signal for the next trend, noting that breaking 1.1375 will press on the price to decline towards 1.1300 initially, while breaching 1.1430 represents the key to reactivate the bullish trend scenario that its next targets located at 1.1500 followed by 1.1560.
The expected trading range for today is between 1.1300 support and 1.1490 resistance.
The expected trend for today: Neutral
Forex and Currency News
Forex
Yen extends losses as Banks of Japan holds off intervention
2024-05-17 04:36AM UTC
Yen fell in Asian trade on Friday against a basket of major rivals, extending losses for the second ...
Forex
Euro extends gains to two-month highs amid positive outlook
2024-05-16 08:33AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Yen gains ground as US treasury yields dip
2024-05-16 04:20AM UTC
Yen rose in Asian trade on Thursday against a basket of major rivals, extending gains for the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 17-05-2024
2024-05-17 09:10AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price provides additional negative ...
Forex
The EURUSD price forecast update - 17-05-2024
2024-05-17 09:09AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price shows additional negative trades ...
Forex
The GBPCHF repeats the attempt to exit the negative track – Forecast today – 17-5-2024
2024-05-17 07:18AM UTC
GBPCHF Price Analysis Expected Scenario The GBPCHF price returned to form new bullish ...