The EURUSD surpasses the first target – Analysis - 16-08-2022
Economies.com
2022-08-16 03:25AM UTC
The EURUSD pair managed to surpass our first waited target at 1.0200 to confirm extending the bearish wave on the intraday and short term basis, opening the way to head towards 1.0100 that represents our next station.
The EMA50 continues to press negatively on the price to support the expectations of continuing the bearish trend, taking into consideration that breaching 1.0200 represents initial key to start recovery attempts that target testing 1.0278 areas initially.
The expected trading range for today is between 1.0080 support and 1.0220 resistance.
The expected trend for today: Bearish
Forex and Currency News
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
Aussie gains ground despite mixed data
2024-04-23 20:58PM UTC
The Australian dollar rose against a basket of major rivals on Tuesday following mixed ...
Forex
Sterling loses ground under pressure from BOE
2024-04-23 07:35AM UTC
Sterling fell in European trade on Tuesday against a basket of major rivals, extending losses for ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 24-04-2024
2024-04-24 09:29AM UTC
The GBPUSD price shows negative trades to head towards testing the key support 1.2385$, which ...
Forex
The EURUSD price forecast update - 24-04-2024
2024-04-24 09:29AM UTC
Analysis of Expected Scenarios The EURUSD price begins to rebound bearishly after testing ...
Forex
The CADJPY settles within the bullish track – Forecast today – 24-4-2024
2024-04-24 05:44AM UTC
CADJPY Price Analysis Expected Scenario The CADJPY price kept its consolidation within ...