The EURUSD loses momentum – Analysis - 16-09-2021
Economies.com
2021-09-16 04:27AM UTC
The EURUSD pair fluctuates around the EMA50 now, settling below the bearish channel’s resistance that appears on the chart, noticing that stochastic loses its positive momentum gradually.
Therefore, these factors encourage us to suggest the bearish bias in the upcoming sessions, which its targets begin at 1.1780 and extend to 1.1700 after breaking the previous level, noting that holding below 1.1830 is important to continue the expected decline.
The expected trading range for today is between 1.1740 support and 1.1888 resistance.
The expected trend for today: Bearish
Forex and Currency News
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
Yen extends losses as intervention momentum from Japanese authorities fades
2024-05-07 04:03AM UTC
Yen lost ground in Asian trade against a basket of major rivals, heading for the second loss in a ...
Forex Technical Analysis
Forex
The EURJPY achieves some targets – Forecast today – 7-5-2024
2024-05-07 05:33AM UTC
Expected Scenarios and Trading Range Scenario 1: Bullish Attack EURJPY pair utilizes ...
Forex
The GBPJPY begins to rise – Forecast today – 7-5-2024
2024-05-07 05:33AM UTC
Expected Scenarios and Trading Range Scenario 1: Correctional Decline Ended GBPJPY pair ...
Forex
The USDCHF price attempts to recover – Forecast today - 07-05-2024
2024-05-07 03:51AM UTC
USDCHF Price Analysis The USDCHF price shows positive trades, indicating a potential resumption ...