The EURUSD price tests the support – Forecast today -
Economies.com
2024-03-19 02:23AM UTC
The EURUSD price trades negatively to start testing the key support 1.0860, affected by the previously completed double top pattern to support the chances of surpassing this level and confirm extending the bearish wave to reach 1.0765 as a next main target.
Therefore, we will continue to suggest the bearish trend for the upcoming period, supported by the negative pressure formed by the EMA50, noting that breaching 1.0900 followed by 1.0960 levels will stop the expected decline and lead the price to rise again and achieve new gains that reach 1.1080.
The expected trading range for today is between 1.0780 support and 1.0920 resistance.
Trend forecast: Bearish
Forex and Currency News
Forex
US Dollar extends losses after inflation data
2024-05-15 20:25PM UTC
The US dollar fell against most major rivals on Wednesday, extending losses after the release of US ...
Forex
US consumer prices miss estimates in April
2024-05-15 12:39PM UTC
US consumer prices rose 0.3% m/m in April, missing estimates of a 0.4% ...
Forex
Aussie parks at two month highs even as Australian wages slow down
2024-05-15 04:23AM UTC
The Australian dollar rose in European trade on Wednesday against a basket of major rivals, ...
Forex Technical Analysis
Forex
The USDCHF price breaks the support – Forecast today - 16-05-2024
2024-05-16 04:11AM UTC
USDCHF Price Analysis Expected Scenario The USDCHF price ended yesterday with clear ...
Forex
The NZDUSD price hits the target – Forecast today - 16-05-2024
2024-05-16 04:11AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price breached 0.6070$ level ...
Forex
The AUDUSD price completes the positive pattern– Forecast today - 16-05-2024
2024-05-16 04:11AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price traded with clear ...