The EURUSD still negative - 30-05-2023
Economies.com
2023-05-30 04:10AM UTC
The EURUSD pair keeps its stability below 1.0735 level, to keep the bearish trend scenario valid and active for the upcoming period, organized inside the bearish channel that appears on the chart, waiting to visit 1.0650 as a next target.
The EMA50 continues to support the suggested bearish wave, while stochastic provides positive signals that hinder the mission to continue the decline.
Note that holding below 1.0735 is important to continue the expected decline, as breaching it will push the price to recover and achieve gains that start by visiting 1.0795 areas.
The expected trading range for today is between 1.0640 support and 1.0790 resistance.
The expected trend for today: Bearish
Forex and Currency News
Forex
Dollar tumbles to two-week lows ahead of US growth data
2024-04-25 11:18AM UTC
Dollar fell in European trade on Thursday against a basket of major rivals, resuming losses and ...
Forex
Euro scales 16-year peak against yen
2024-04-25 07:51AM UTC
Euro rallied in Asian trade on Thursday against the yen, extending gains for the fifth straight ...
Forex
Euro parks at two-week high amid positive sentiment
2024-04-24 07:41AM UTC
Euro rose in European trade on Wednesday, widening gains for the fourth straight session and ...
Forex Technical Analysis
Forex
The NZDUSD price forecast update 25-04-2024
2024-04-25 09:42AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price shows new positive trades now, ...
Forex
The AUDUSD price forecast update 25-04-2024
2024-04-25 09:42AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price resumes its positive trading ...
Forex
The GBPUSD forecast update 25-04-2024
2024-04-25 09:42AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price rallies upwards strongly to ...