The EURUSD needs a confirmation signal – Analysis - 22-04-2021
Economies.com
2021-04-22 00:42AM UTC
The EURUSD pair settles above the bullish channel’s support line that appears on the chart, getting positive support by stochastic and the EMA50, but it found solid resistance at 1.2064 that forced the price to rebound downwards clearly in the previous sessions.
Therefore, we prefer staying neutral until we get clearer signal for the upcoming trend, noting that breaching 1.2064 will lead the price to achieve new gains that reach 1.2170, while breaking 1.1975 support represents negative factor that will press on the price to turn to decline and head towards 1.1880 as a first negative target.
The expected trading range for today is between 1.1950 support and 1.2110 resistance.
The expected trend for today: Neutral
Forex and Currency News
Forex
Sterling surges to 16-year peak against yen
2024-04-26 08:11AM UTC
Sterling rose in European trade on Friday against a basket of major rivals, extending gains for the ...
Forex
Dollar tumbles to two-week lows ahead of US growth data
2024-04-25 11:18AM UTC
Dollar fell in European trade on Thursday against a basket of major rivals, resuming losses and ...
Forex
Euro scales 16-year peak against yen
2024-04-25 07:51AM UTC
Euro rallied in Asian trade on Thursday against the yen, extending gains for the fifth straight ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 26-04-2024
2024-04-26 10:59AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price shows some slight bearish bias ...
Forex
The EURUSD price forecast update - 26-04-2024
2024-04-26 10:58AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price settles above 1.0715$ level, ...
Forex
The EURCAD under the negative pressure – Forecast today – 26-4-2024
2024-04-26 06:52AM UTC
EURCAD Price Analysis Expected Scenario The EURCAD price repeated the negative closings ...