The EURUSD keeps its negative stability – Analysis - 13-05-2019
Economies.com
2019-05-13 00:53AM UTC
The EURUSD pair continues to test 1.1250 resistance level and keeps its stability below it until now, as the EMA50 supports the strength of this resistance, while stochastic reaches the overbought areas.
Therefore, these factors encourage us to continue suggesting the bearish trend for the upcoming period, which targets 1.1180 followed by 1.1100 levels initially, while breaching 1.1250 represents the key to rally to start recovery attempts that mainly target 1.1443.
The expected trading range for today is between 1.1140 support and 1.1280 resistance.
The expected trend for today: Bearish
Forex and Currency News
Forex
Dollar gives up five-month high on profit-taking
2024-04-17 10:56AM UTC
The dollar lost ground in European trade on Wednesday against a basket of major rivals away from ...
Forex
Sterling starts recovering after hot UK inflation data
2024-04-17 06:43AM UTC
Sterling rose in European trade on Wednesday for the first time in four days against the dollar, ...
Forex
Fed Chair: Driving down inflation towards target could take longer than expected
2024-04-16 20:10PM UTC
Fed Chair Jerome Powell said in a symposium earlier today that inflation has stiffened and held in ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 17-04-2024
2024-04-17 09:24AM UTC
Trend Forecast for GBPUSD Expected Scenario upon Testing the Key Resistance 1.2480$ The ...
Forex
The EURUSD price forecast update - 17-04-2024
2024-04-17 09:24AM UTC
Trend Forecast for EURUSD Expected Scenario upon Breaching 1.0645$ Level The EURUSD price ...
Forex
The GBPCHF pair hits solid resistance – Forecast today – 17-4-2024
2024-04-17 05:44AM UTC
Expected Scenarios The GBPCHF pair ended the recent bullish rally by touching 1.1475 ...