The EURUSD faces solid resistance – Analysis - 04-08-2022
Economies.com
2022-08-04 04:03AM UTC
The EURUSD pair finds difficulty to breach 1.0200 level, to show new negative trades yesterday and approaches 1.0100 level, noticing that the price rises again in attempt to breach 1.0200 level, reminding you that breaching this level is required to reinforce the continuation of the bullish trend scenario that its next targets located at 1.0278 followed by 1.0355.
Until now, we continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 1.0100, as breaking it will press on the price to resume the main bearish trend within the bearish channel that appears on the chart.
The expected trading range for today is between 1.0100 support and 1.0260 resistance.
The expected trend for today: Bullish
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 ...