The EURUSD price under the negative pressure – Forecast today - 19-04-2024
Economies.com
2024-04-19 04:19AM UTC
EURUSD Price Analysis
- The EURUSD price trades with clear negativity now to start pressing on the key support 1.0615$ and hint heading to reactivate the bearish wave scenario again, and we suggest breaking this level to open the way to achieve negative targets that start at 1.0520$ and extend to reach the previously recorded low at 1.0450$.
- Therefore, we expect to witness more decline in the upcoming sessions supported by the negative pressure formed by the EMA50, noting that breaching 1.0715$ will stop the bearish trend and lead the price to turn to rise.
The expected trading range for today is between 1.0520$ support and 1.0690$ resistance.
Trend forecast: Bearish
Forex and Currency News
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
Kiwi plumbs two-week trough after disappointing labor data
2024-05-01 05:03AM UTC
The New Zealand dollar fell in Asian trade on Wednesday against a basket of major rivals, ...
Forex
Dollar climbs ahead of crucial US data
2024-04-30 11:33AM UTC
The dollar rose in European trade on Tuesday against a basket of major rivals away from two-week ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 01-05-2024
2024-05-01 10:07AM UTC
GBPUSD Price Analysis: Expected Scenarios The GBPUSD price attempted to break 1.2480$ level but it ...
Forex
The EURUSD price forecast update - 01-05-2024
2024-05-01 10:07AM UTC
EURUSD Price Analysis: Expected Scenarios The EURUSD price shows some slight bullish bias now, ...
Forex
The GBPCHF provides positive signal – Forecast today – 1-5-2024
2024-05-01 05:33AM UTC
Scenarios and Trading Range Expected Scenarios GBPCHF price provided positive signals by ...