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 moves in negative zone under supervision of Japanese authorities
2024-05-08 04:36AM UTC
Yen declined on Wednesday in Asian trade against a basket of major rivals, extending losses for the ...
Forex
Dollar regains footing ahead of important Fed remarks
2024-05-07 11:34AM UTC
Dollar rose in European trade on Tuesday against a basket of major rivals, holding ground above ...
Forex
Aussie is worst performing major currency after RBA's decision
2024-05-07 08:01AM UTC
The Australian dollar fell in European trade on Tuesday against a basket of major rivals, moving ...
Forex Technical Analysis
Forex
The NZDUSD price forecast update 08-05-2024
2024-05-08 09:36AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price presses on the key support ...
Forex
The AUDUSD price forecast update 08-05-2024
2024-05-08 09:36AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price achieved initial break to ...
Forex
The GBPUSD forecast update 08-05-2024
2024-05-08 09:36AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price achieved initial break to ...