The EURUSD is stable – Analysis - 08-10-2021

Economies.com
1 year ago

The tight range dominated the EURUSD pair’s trades yesterday, hovering around 1.1563 level, keeping its stability below it, to keep the bearish trend scenario valid as it is without any change, waiting to visit 1.1500 followed by 1.1420 levels as main targets.

 

Note that breaching 1.1563 and holding above it will lead the price to achieve intraday gains that target 1.1635 followed by 1.1700 levels mainly.

 

Advertistment

The expected trading range for today is between 1.1460 support and 1.1620 resistance.

 

The expected trend for today: Bearish

Forex and Currency News

Forex News

Forex

Dollar hits 2023 high on US interest rate forecasts
13 hours ago
Dollar rose in European trade on Tuesday against a basket of major rivals, extending gains for the ...
Forex News

Forex

Reasons that bolster the case for an additional US rate hike.. what are they?
16 hours ago
Amid sharp volatility in dollar's pricing and US treasury yields, markets are speculating about an ...
EUR/USD news

Forex

Euro sharpens decline to six-month trough amid concerns about rate gap
18 hours ago
Euro fell in European trade on Tuesday on track for the sixth straight loss against dollar, ...

Forex Technical Analysis

GBP USD Analysis

Forex

Midday update for the GBPUSD 26-09-2023
15 hours ago
The GBPUSD pair provides extra negative trading, reinforcing the expectations for the continuation ...
EUR USD Analysis

Forex

Midday update for the EURUSD 26-09-2023
15 hours ago
The EURUSD pair provided clear negative trading this morning, and returns to show slight bullish ...
Technical Analysis

Forex

The GBPCHF repeats the negative closes – Analysis – 26-9-2023
19 hours ago
The GBPCHF confirmed its surrender to the bearish bias domination by providing new closes below the ...