The EURUSD tests the resistance – Analysis - 10-05-2019
Economies.com
2019-05-10 01:02AM UTC
The EURUSD pair made new test to 1.1250 resistance and bounced bearishly from there, as the EMA50 meets this resistance to add more strength to it, waiting to resume the bearish bias to achieve our main targets that begin at 1.1100 and extend to 1.1000.
We remind you that breaking 1.1180 will reinforce the expectations of achieving the suggested targets, while holding below 1.1250 represents key condition to continue the expected decline.
The expected trading range for today is between 1.1120 support and 1.1280 resistance.
The expected trend for today: Bearish
Forex and Currency News
Forex
Euro under pressure ahead of European inflation data
2024-04-30 07:41AM UTC
Euro declined in European trade on Tuesday against a basket of major rivals, backing away from ...
Forex
Dollar loses ground as markets focus on corporate earnings
2024-04-29 18:46PM UTC
Dollar declined against most major rivals on Monday as markets focus on corporate earnings and the ...
Forex
Dollar under pressure from US yields and Japanese authorities
2024-04-29 11:17AM UTC
Dollar fell in European trade on Monday against a basket of major rivals, resuming gains after a ...
Forex Technical Analysis
Forex
The GBPCAD provides positive signal – Forecast today – 30-4-2024
2024-04-30 05:40AM UTC
GBPCAD Price Analysis Expected Scenario The GBPCAD price concluded recent trades with a ...
Forex
The EURJPY attempts to confirm the positivity – Forecast today – 30-4-2024
2024-04-30 05:35AM UTC
EURJPY Pair Analysis Expected Scenario The EURJPY pair ended the mixed trades by ...
Forex
The USDCHF price under the negative pressure – Forecast today - 30-04-2024
2024-04-30 04:05AM UTC
USDCHF Price Analysis The USDCHF price broke the bullish channel’s support line yesterday ...