The EURUSD presses on the support – Analysis - 21-01-2022
Economies.com
2022-01-21 05:18AM UTC
The EURUSD pair traded with clear negativity yesterday to touch our first waited target at 1.1305, finding difficulty to surpass this level, to show some bullish bias affected by stochastic positivity, waiting to continue the decline to break the mentioned level and open the way to head towards 1.1150 as a next negative target.
Therefore, our bearish overview will remain valid and active unless the price rallied to breach 1.1375 and hold above it.
The expected trading range for today is between 1.1240 support and 1.1380 resistance.
The expected trend for today: Bearish
Forex and Currency News
Forex
Dollar rebounds ahead of US unemployment claims data
2024-05-02 11:10AM UTC
Dollar rose in European trade on Thursday against a basket of major rivals, resuming gains after a ...
Forex
Franc is best performing major currency after Swiss data
2024-05-02 07:52AM UTC
Swiss Franc rallied in European trade on Thursday, extending gains for the second straight day ...
Forex
Dollar parks at two-week highs ahead of Fed decisions
2024-05-01 11:37AM UTC
The dollar rose in European trade on Wednesday against a basket of major rivals, extending gains ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 02-05-2024
2024-05-02 09:06AM UTC
GBPUSD Trading Report The GBPUSD price shows weak trades since morning, settling above 1.2500$ ...
Forex
The EURUSD price forecast update - 02-05-2024
2024-05-02 09:05AM UTC
EURUSD Trading Report The EURUSD price continues to fluctuate around 1.0715$ level, and we still ...
Forex
The EURGBP tests key support – Forecast today – 2-5-2024
2024-05-02 08:15AM UTC
Expected Scenarios The EURGBP price formed many bearish trades recently, to test 38.2% ...