The EURUSD returns to test the support – Analysis - 22-10-2021
Economies.com
2021-10-22 00:02AM UTC
The EURUSD pair trades at the key support 1.1615 and still above it until now, as the EMA50 meets this level to add more strength to it, while stochastic shows oversold signals now.
Therefore, we believe that the chances valid to resume the bullish trend that its targets begin by breaching 1.1670 to open the way to head towards 1.1760, noting that breaking 1.1615 will press on the price to turn to recline and visit 1.1525 level on the near term basis.
The expected trading range for today is between 1.1550 support and 1.1710 resistance.
The expected trend for today: Bullish
Forex and Currency News
Forex
Euro trades near three-week trough on cautious remarks
2023-12-05 07:40AM UTC
Euro fell in European trade on Tuesday against a basket of major rivals, extending losses for the ...
Forex
Dollar moves in positive zone despite prospects of early rate cuts
2023-12-04 11:59AM UTC
Dollar rose in European trade on Monday against a basket of major rivals, on track for the third ...
Forex
Sterling gives up three-month high against euro on profit-taking
2023-12-04 11:31AM UTC
Sterling fell in European trade on Monday against euro away from three-month highs and on track for ...
Forex Technical Analysis
Forex
Evening update analysis for the EURUSD 05-12-2023
2023-12-05 17:01PM UTC
The EURUSD pair shows additional bearish bias to approach our waited negative target at 1.0760, and ...
Forex
Midday update for the GBPUSD 05-12-2023
2023-12-05 10:35AM UTC
The GBPUSD pair fluctuates near the EMA50, and it keeps its stability above 1.2590 level, keeping ...
Forex
Midday update for the EURUSD 05-12-2023
2023-12-05 10:35AM UTC
The EURUSD pair resumes its negtaive trading in attempt to move away from 1.0860 level, rienforcing ...