The EURUSD gets a positive signal – Analysis - 24-02-2021
Economies.com
2021-02-24 05:23AM UTC
The EURUSD pair continues to fluctuate around 1.2173 level, noticing that stochastic got rid of its negative momentum and begins to overlap positively now, which supports the chances of breaching the mentioned level and open the way to rally towards our next target that reaches 1.2300.
Therefore, the bullish trend will remain suggested for the upcoming period supported by the EMA50, noting that breaking 1.2120 will press on the price to test the key support 1.2064 before any new attempt to rise.
The expected trading range for today is between 1.2100 support and 1.2260 resistance.
The expected trend for today: Bullish
Forex and Currency News
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
Aussie gains ground despite mixed data
2024-04-23 20:58PM UTC
The Australian dollar rose against a basket of major rivals on Tuesday following mixed ...
Forex
Sterling loses ground under pressure from BOE
2024-04-23 07:35AM UTC
Sterling fell in European trade on Tuesday against a basket of major rivals, extending losses for ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 24-04-2024
2024-04-24 09:29AM UTC
The GBPUSD price shows negative trades to head towards testing the key support 1.2385$, which ...
Forex
The EURUSD price forecast update - 24-04-2024
2024-04-24 09:29AM UTC
Analysis of Expected Scenarios The EURUSD price begins to rebound bearishly after testing ...
Forex
The CADJPY settles within the bullish track – Forecast today – 24-4-2024
2024-04-24 05:44AM UTC
CADJPY Price Analysis Expected Scenario The CADJPY price kept its consolidation within ...