The EURUSD tests the support – Analysis - 19-06-2019

Economies.com
2019-06-19 04:35AM UTC

The EURUSD pair continues to fluctuate at the key support 1.1180 and still above it until now, noticing that stochastic shows clear oversold signals now, approaching to provide positive overlapping signal on the daily time frame, which supports the chances of resuming the expected bullish trend in the upcoming period, which its main targets begin at 1.1265 followed by 1.1443.

 

Therefore, we will keep our bullish overview unless breaking 1.1180 level and holding with a daily close below it.

 

The expected trading range for today is between 1.1130 support and 1.1280 resistance.

 

The expected trend for today: Bullish

Forex and Currency News

Forex 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 ...
USD/CHF news

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 News

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

USD CHF 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 ...
NZD USD Analysis

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 ...
AUD USD Analysis

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 ...