The EURUSD faces new negative pressure – Analysis - 29-07-2022
Economies.com
1 year ago
The EURUSD pair traded with strong negativity yesterday to test the most important support at 1.0100, and bounced bullishly from there to test 1.0200 level now and attempts to breach it, which encourages us to continue suggesting the bullish trend for the upcoming period, and the price needs to step above the last level to confirm the continuation of the bullish bias towards 1.0278 followed by 1.0355 levels as next main targets.
The EMA50 supports the expected rise, which will remain valid conditioned by the price stability above 1.0100.
The expected trading range for today is between 1.0140 support and 1.0300 resistance.
The expected trend for today: Bullish
Forex and Currency News
Forex
Euro trades near six-month low ahead of major European data
15 hours ago
Euro fell in European trade on Friday against a basket of major rivals, extending losses for the ...
Forex
Sterling sharpens decline to six-month lows after surprise decision by BOE
1 day ago
Sterling fell on Thursday after Bank of England announced a surprise pause in the cycle of rate ...
Forex
Dollar extends gains to six-month high on Fed prospects
1 day ago
US Dollar rose in European trade on Thursday against a basket of major rivals for the third ...
Forex Technical Analysis
Forex
Midday update for the NZDUSD 22-09-2023
12 hours ago
The NZDUSD pair breached 0.5940 level clearly to activate the positive scenario in the upcoming ...
Forex
Midday update for the AUDUSD 22-09-2023
12 hours ago
The AUDUSD pair trades positively to surpass 0.6440 and attempts to hold above it, to hint heading ...
Forex
Midday update for the GBPUSD 22-09-2023
12 hours ago
The GBPUSD pair resumes its negative trading clearly to press on the bearish channel’s ...