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 hits three-week high as Japanese authorities intervene
2024-05-03 04:57AM UTC
Yen rose in Asian trade on Friday against major rivals, extending gains for the third straight ...
Forex
Dollar rebounds ahead of US unemployment claims data
2024-05-02 11:10AM UTC
Dollar rose in European trade on Thursday against a basket of major rivals, resuming gains after a ...
Forex
Franc is best performing major currency after Swiss data
2024-05-02 07:52AM UTC
Swiss Franc rallied in European trade on Thursday, extending gains for the second straight day ...
Forex Technical Analysis
Forex
Update: Weak trades, waiting the US economic data
2024-05-03 08:20AM UTC
The major currencies’ pairs and commodities show weak and tight trades since morning, waiting ...
Forex
The EURJPY threats the support – Forecast today – 3-5-2024
2024-05-03 07:07AM UTC
Scenarios Scenario 1: Potential for Positive Momentum EURJPY pair unable to shake off negative ...
Forex
The GBPJPY fluctuates near the support – Forecast today – 3-5-2024
2024-05-03 07:06AM UTC
Scenarios Scenario 1: Activation of Bullish Momentum GBPJPY pair forms new negative waves, ...