The EURUSD resumes the decline – Analysis - 01-12-2021
Economies.com
2021-12-01 05:21AM UTC
The EURUSD pair kept its stability below 1.1375 level after the positive attempts that it witnessed yesterday, waiting to achieve additional decline to confirm the return to the bearish channel that appears on the chart followed by continuing the bearish bias to head towards the next main target at 1.1145.
In general, we will continue to suggest the bearish trend for the upcoming period 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: Overall bearish
Forex and Currency News
Forex
Euro approaches three-week high amid bullish outlook
2024-05-06 08:02AM UTC
Euro rose in European trade on Monday against a basket of major rivals, maintaining gains for the ...
Forex
Dollar plumbs three-week low ahead of US payrolls report
2024-05-03 11:57AM UTC
Dollar fell in European trade on Friday against a basket of major rivals, extending losses for the ...
Forex
Yen hits three-week high as Japanese authorities intervene
2024-05-03 04:57AM UTC
Yen rose in Asian trade on Friday against major rivals, extending gains for the third straight ...
Forex Technical Analysis
Forex
The USDCHF price hits the target – Forecast today - 06-05-2024
2024-05-06 04:09AM UTC
USDCHF Price Analysis Expected Scenarios The USDCHF price managed to achieve our waited ...
Forex
The AUDUSD price hits the second target – Forecast today - 06-05-2024
2024-05-06 04:09AM UTC
AUDUSD Price Analysis Expected Scenarios The AUDUSD price found solid resistance at 0.6640$, ...
Forex
The USDCAD price touches the first target – Forecast today - 06-05-2024
2024-05-06 04:09AM UTC
USDCAD Price Analysis Expected Scenarios The USDCAD price managed to touch our first target ...