The EURUSD loses momentum - 18-09-2023
5 days ago

The EURUSD pair fluctuates within sideways track now, settling around 1.0660, noticing that stochastic loses its positive momentum and begins to overlap negatively now, waiting to motivate the price to resume the bearish bias and break 1.0635 to confirm extending the bearish wave towards 1.0515 areas.


Therefore, we will continue to suggest the bearish trend for the upcoming period supported by the negative pressure formed by the EMA50, noting that breaching 1.0685 will lead the price to continue the rise and test 1.0725 and might extend to 1.0785 areas before any new attempt to decline.



The expected trading range for today is between 1.0570 support and 1.0725 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
21 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
18 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
18 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
18 hours ago
The GBPUSD pair resumes its negative trading clearly to press on the bearish channel’s ...