The EURUSD resumes the decline – Analysis - 12-04-2022
Economies.com
2022-04-12 01:43AM UTC
The EURUSD pair trades negatively to settle below 1.0900 barrier, reinforcing the expectations of continuing the bearish trend, which gets continuous support by the EMA50, waiting to head towards 1.0775 that represents our next main station.
On the other hand, we should note that breaching 1.0950 will stop the expected decline and lead the price to turn to rise and achieve gains that start by visiting 1.1070 areas.
The expected trading range for today is between 1.0790 support and 1.0950 resistance.
The expected trend for today: Bearish
Forex and Currency News
Forex
Sterling sharpens decline to five-month nadir after weak data
2024-04-19 11:40AM UTC
Sterling tumbled in European trade against a basket of major rivals, sharpening losses for the ...
Forex
Euro approaches week high amid positive outlook
2024-04-18 08:30AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Dollar gives up five-month high on profit-taking
2024-04-17 10:56AM UTC
The dollar lost ground in European trade on Wednesday against a basket of major rivals away from ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 19-04-2024
2024-04-19 10:43AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price trades with clear positivity to ...
Forex
The EURUSD price forecast update - 19-04-2024
2024-04-19 10:43AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price finds solid support at the ...
Forex
The NZDCAD surrenders to the resistance line stability – Forecast today – 19-4-2024
2024-04-19 08:21AM UTC
NZDCAD Pair Analysis Expected Scenario The NZDCAD pair has confirmed its submission to ...