The EURUSD surpasses the first target – Analysis - 24-11-2022

Economies.com
2022-11-24 04:01AM UTC

The EURUSD pair succeeded to achieve our first positive target at 1.0400, starting today with more rise to surpass this level and confirm the continuation of the bullish trend domination in the upcoming sessions, and the way is open to visit 1.0515 that represents our next positive target.

 

Therefore, we are waiting for more expected rise on the intraday basis, supported by the EMA50 that carries the price from below, noting that holding above 1.0380 represents the first condition to continue the bullish trend, as breaking it might press on the price to test 1.0285 areas before any new positive attempt.

 

The expected trading range for today is between 1.0370 support and 1.0530 resistance.

 

The expected trend for today: Bullish

Forex and Currency News

USD/JPY news

Forex

Yen swoons by over 1% after BOJ decision
2024-04-26 18:30PM UTC
Yen tumbled against most major rivals on Friday following the Bank of Japan’s policy ...
GBP/JPY news

Forex

Sterling surges to 16-year peak against yen
2024-04-26 08:11AM UTC
Sterling rose in European trade on Friday against a basket of major rivals, extending gains for the ...
Forex 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 Technical Analysis

EUR USD Analysis

Forex

End of day EURUSD price forecast update - 26-04-2024
2024-04-26 16:36PM UTC
The EURUSD price is facing strong negative pressure to break 1.0715$ level and attempts to hold ...
GBP USD Analysis

Forex

The GBPUSD forecast update 26-04-2024
2024-04-26 10:59AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price shows some slight bearish bias ...
EUR USD Analysis

Forex

The EURUSD price forecast update - 26-04-2024
2024-04-26 10:58AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price settles above 1.0715$ level, ...