The EURUSD faces new negative pressure – Analysis - 19-01-2023
Economies.com
2023-01-19 05:24AM UTC
The EURUSD pair found solid resistance at 1.0890, to rebound bearishly and approach the key support 1.0745 again, noticing that the EMA50 forms good support against the price, waiting to push the pair to resume the main bullish wave that its next target located at 1.0915.
Until now, the bullish trend scenario will valid as long as 1.0745 level remains intact, as breaking it will press on the price to turn to decline and head towards 1.0625 mainly.
The expected trading range for today is between 1.0740 support and 1.0900 resistance.
The expected trend for today: Bullish
Forex and Currency News
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
Euro parks at two-week high amid positive sentiment
2024-04-24 07:41AM UTC
Euro rose in European trade on Wednesday, widening gains for the fourth straight session and ...
Forex Technical Analysis
Forex
The NZDUSD price forecast update 25-04-2024
2024-04-25 09:42AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price shows new positive trades now, ...
Forex
The AUDUSD price forecast update 25-04-2024
2024-04-25 09:42AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price resumes its positive trading ...
Forex
The GBPUSD forecast update 25-04-2024
2024-04-25 09:42AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price rallies upwards strongly to ...