The EURUSD starts bullish correction – Analysis - 14-10-2021
Economies.com
1 year ago
The EURUSD pair surpassed the bearish trend resistance line and settled above it, to start bullish correction for the decline that started from 1.1909 areas, and it needs to breach 1.1615 to confirm extending the correctional bullish wave towards 1.1670 followed by 1.1760 levels.
Therefore, the bullish bias will be suggested for the upcoming period supported by moving above the EMA50, noting that breaking 1.1560 will stop the expected rise and press on the price to decline again.
The expected trading range for today is between 1.1530 support and 1.1670 resistance.
The expected trend for today: Bullish
Forex and Currency News
Forex
US unemployment claims rise past estimates
11 hours ago
US unemployment claims rose to 261 thousand in the week ending June 3, above estimates of 236 ...
Forex
Dollar declines ahead of US unemployment claims data
12 hours ago
Dollar fell in European trade on Thursday for a second session away from eleven-week highs as ...
Forex
Euro extends recovery on European rates prospects
17 hours ago
Euro rose in European trade for the second session against dollar away from recent two-month lows, ...
Forex Technical Analysis
Forex
Midday update for the NZDUSD 08-06-2023
14 hours ago
The NZDUSD pair shows positive trades to move above the EMA50, affected by stochastic positivity, ...
Forex
Midday update for the AUDUSD 08-06-2023
14 hours ago
The AUDUSD pair returns to rise and attack 0.6660 level, which urges caution form the upcoming ...
Forex
Midday update for the GBPUSD 08-06-2023
14 hours ago
The GBPUSD pair trades with clear positivity to attack 1.2470 level and attempt to hold above it, ...