The EURUSD presses on the negative pattern’s support line – Analysis - 12-10-2021
Economies.com
1 year ago
The EURUSD pair tests the bearish flag’s support line -mentioned yesterday-, waiting to break this support to activate the negative effect of this pattern followed by rallying towards our first waited target at 1.1500, reminding you that breaking this level will extend the bearish wave to reach 1.1420 as a next station.
Therefore, we will continue to suggest the bearish trend for the upcoming period conditioned by the price stability below 1.1595.
The expected trading range for today is between 1.1480 support and 1.1600 resistance.
The expected trend for today: Bearish
Forex and Currency News
Forex
Euro tries to recoup from low levels amid calm trading
22 hours ago
Euro rose in European trade amid attempts to recoup from two-month lows against dollar, and on ...
Forex
Euro on track for third weekly loss in row
3 days ago
Euro rose in European trade on Friday for the first time in four sessions against dollar amid ...
Forex
Fed Minutes: officials are less confident of the need for more rate hikes
5 days ago
The Federal Reserve's meeting minutes showed division between officials on the need for further ...
Forex Technical Analysis
Forex
The GBPCAD exits the bullish track – Analysis – 30-5-2023
1 hour ago
The GBPCAD pair faced strong negative pressures recently to force it to crawl below the bullish ...
Forex
The EURJPY achieves some gains – Analysis – 30-5-2023
1 hour ago
The EURJPY pair took advantage of the positive fluctuation above 149.80 to confirm its surrender to ...
Forex
The GBPJPY provides positive signal – Analysis – 30-5-2023
1 hour ago
The GBPJPY pair took advantage of the frequent stability within the bullish channel, forming new ...