The EURUSD tests the resistance barrier – Analysis - 04-04-2019
Economies.com
2019-04-04 04:13AM UTC
The EURUSD pair continues to fluctuate around the broken support line that appears on the chart, and the price still below this level that forms solid resistance barrier at 1.1240, which supports the continuation of the bearish overview, noticing that stochastic begins to get rid of its positive momentum.
Therefore, we will keep our bearish trend expectations for the upcoming period supported by the negative pressure formed by the EMA50, reminding you that breaking 1.1180 will open the way to rally towards 1.1100 as a next station, while holding below 1.1300 represents key condition to continue the expected decline.
The expected trading range for today is between 1.1140 support and 1.1300 resistance.
The expected trend for today: Bearish
Forex and Currency News
Forex
Dollar rebounds ahead of US unemployment claims data
2024-05-02 11:10AM UTC
Dollar rose in European trade on Thursday against a basket of major rivals, resuming gains after a ...
Forex
Franc is best performing major currency after Swiss data
2024-05-02 07:52AM UTC
Swiss Franc rallied in European trade on Thursday, extending gains for the second straight day ...
Forex
Dollar parks at two-week highs ahead of Fed decisions
2024-05-01 11:37AM UTC
The dollar rose in European trade on Wednesday against a basket of major rivals, extending gains ...
Forex Technical Analysis
Forex
The USDCHF price begins the bearish correction – Forecast today - 03-05-2024
2024-05-03 03:37AM UTC
USDCHF Price Analysis The USDCHF price broke the bullish channel’s support line clearly ...
Forex
The NZDUSD price keeps rising – Forecast today - 03-05-2024
2024-05-03 03:37AM UTC
NZDUSD Price Analysis The NZDUSD price shows a more bullish bias as it approaches our awaited ...
Forex
The AUDUSD price hits the first target – Forecast today - 03-05-2024
2024-05-03 03:37AM UTC
AUDUSD Price Analysis The AUDUSD price managed to achieve our first awaited target at 0.6570$, and ...