|
The EURUSD price forecast update - 07-11-2024
The EURUSD price trades positively to test the key resistance 1.0775$, affected by stochastic positivity, which urges caution from the upcoming trading, as the price needs to hold below this level to keep the bearish trend active for today, noting that breaking 1.0725$ will ease the mission of achieving our negative targets that start at 1.0650$ and extend to 1.0570$.
The expected trading range for today is between 1.0650$ support and 1.0800$ resistance
Trend forecast: Bearish
Thanks for your feedback.
The CADCHF continues the bullish correction – Forecast today – 7-11-2024
The CADCHF price continued to form correctional bullish waves by settling above the additional support line 0.6210 recently, to notice achieving some waited gains by reaching 0.6305.
MoreThe EURJPY lacks the positive momentum – Forecast today – 7-11-2024
No news for the EURJPY pair despite its continuous consolidation within the bullish channel, affected by the contradiction of stochastic negativity to repeat the fluctuation near 165.60 without recording any new positive target.
MoreThe GBPJPY hits the target – Forecast today – 7-11-2024
The GBPJPY pair resumed the bullish rally yesterday, taking advantage of the additional support line stability at 197.35, to notice achieving the first additional target at 199.40 and settling near it, also, stochastic exit from the overbought areas might force the price to provide correctional negative rebound to target 198.30 and 197.75 levels.
More