The EURUSD hits the target - 15-09-2023
1 week ago

The EURUSD pair settles at our waited target at 1.0635 after the strong decline that it witnessed yesterday, and it shows some sideways fluctuation before attempting to decline again, affected by stochastic positivity, waiting to get negative motive that assist to push the price to break the mentioned level and open the way to head towards 1.0515 as a next main target.


Therefore, we will continue to suggest the bearish trend for the upcoming period, which moves organized inside the bearish channel that appears on the chart, supported by the negative pressure formed by the EMA50, noting that failing to break 1.0635 will push the price to build intraday bullish wave that targets testing 1.0735 areas initially.



The expected trading range for today is between 1.0550 support and 1.0700 resistance.


The expected trend for today: Bearish

Forex and Currency News

EUR/USD news


Euro trades near six-month low ahead of major European data
20 hours ago
Euro fell in European trade on Friday against a basket of major rivals, extending losses for the ...
GBP/USD news


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 News


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

NZD USD Analysis


Midday update for the NZDUSD 22-09-2023
17 hours ago
The NZDUSD pair breached 0.5940 level clearly to activate the positive scenario in the upcoming ...
AUD USD Analysis


Midday update for the AUDUSD 22-09-2023
17 hours ago
The AUDUSD pair trades positively to surpass 0.6440 and attempts to hold above it, to hint heading ...
GBP USD Analysis


Midday update for the GBPUSD 22-09-2023
17 hours ago
The GBPUSD pair resumes its negative trading clearly to press on the bearish channel’s ...