The EURUSD tests the moving average - 30-01-2023

Economies.com
4 months ago

The EURUSD pair continues to provide weak trades around the EMA50, noticing that stochastic attempts to provide positive signals, waiting to motivate the price to resume the bullish wave that targets 1.1030 as a next station.

 

Therefore, the positive scenario will remain active as long as 1.0845 level remains intact, reminding you that breaking this level will put the price under intraday pressure to test 1.0745 areas before any new attempt to rise.

 

The expected trading range for today is between 1.0800 support and 1.0960 resistance.

 

The expected trend for today: Bullish

Forex and Currency News

GBP/USD news

Forex

Sterling moves in negative zone on grim economic outlook
1 hour ago
Sterling fell in European trade for the fourth straight session against dollar, amid a grim outlook ...
AUD/USD news

Forex

Aussie is most profitable major currency after unexpected RBA decision
1 day ago
Australian dollar rose widely on Tuesday for the fourth straight session, hitting three-week highs ...
USD/CHF news

Forex

Swiss franc hovers near two-month low following inflation data
1 day ago
Swiss franc fell in European trade for  a second session against dollar, almost hitting ...

Forex Technical Analysis

Technical Analysis

Forex

The GBPCAD attacks the moving average – Analysis – 7-6-2023
4 hours ago
The GBPCAD pair confirmed its affection by the domination of the bearish bias since it exited the ...
EUR JPY Analysis

Forex

The EURJPY threats the positive stability – Analysis – 7-6-2023
4 hours ago
The EURJPY pair provided negative signal by crawling below the minor bullish channel’s ...
GBP JPY Analysis

Forex

The GBPJPY still bullish – Analysis – 7-6-2023
4 hours ago
Despite the negative pressures that the GBPJPY pair faced yesterday and forming bearish wave, that ...