The EURUSD price awaits more decline – Forecast today - 25-03-2024
Economies.com
2024-03-25 02:42AM UTC
The EURUSD price fluctuates around 1.0800$ barrier, affected by the previously completed double top pattern to head towards achieving more expected bearish bias in the upcoming sessions, reminding you that the expected targets begin at 1.0765$ and extend to 1.0690$ after breaking the previous level.
The EMA50 forms negative pressure that supports the continuation of the expected bearish trend, which will remain valid unless the price rallied to breach 1.0860$ and hold above it, which will cancel the mentioned negative pattern and lead the price to recover.
The expected trading range for today is between 1.0720$ support and 1.0870$ resistance.
Trend forecast: bearish
Forex and Currency News
Forex
Sterling moves in a positive zone after hot growth data
2024-05-10 08:26AM UTC
Sterling rose in European trade on Friday against a basket of major rivals, extending gains for the ...
Forex
Yen heads for weekly loss as intervention momentum from Japanese authorities fade
2024-05-10 04:51AM UTC
Yen fell in Asian trade on Friday against a basket of major rivals, resuming losses against the ...
Forex
BOE holds interest rates unchanged for sixth straight meeting
2024-05-09 11:33AM UTC
Bank of England voted to hold interest rates unchanged for the fifth straight meeting at 5.25%, the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 10-05-2024
2024-05-10 10:26AM UTC
Expected Trading Scenarios The GBPUSD price shows slight positive trades. It might head ...
Forex
The EURUSD price forecast update - 10-05-2024
2024-05-10 10:26AM UTC
Expected Trading Scenarios The EURUSD price fluctuates within tight range since morning, ...
Forex
The NZDCAD tests the resistance – Forecast today – 10-5-2024
2024-05-10 07:11AM UTC
NZDCAD Price Analysis 1. Expected Scenario NZDCAD price faces strong positive pressures ...