The EURUSD touches the first target – Analysis - 02-02-2021
Economies.com
2021-02-02 05:32AM UTC
The EURUSD pair succeeded to touch our first target at 1.2064 and attempts to break it, but it faced solid support there to force the price to rebound bullishly and test a minor resistance formed at 1.2085, affected by stochastic positivity, waiting to get negative motive that supports the chances of bouncing bearishly to break the first level and open the way to extend the bearish wave towards 1.1976.
Therefore, we will keep our bearish overview for the upcoming period that gets continuous support by the EMA50 unless the price rallied to breach 1.2173 level and hold above it.
The expected trading range for today is between 1.2000 support and 1.2150 resistance.
The expected trend for today: Bearish
Forex and Currency News
Forex
US retail sales beat expectations in March
2024-04-15 12:39PM UTC
US retail sales rose 0.7% in March, beating estimates of a 0.4% increase, while down from 0.9% in ...
Forex
Euro tries to recoup from five-month trough amid bearish outlook
2024-04-15 08:41AM UTC
Euro rose in European trade on Monday against a basket of major rivals amid attempts to recoup from ...
Forex
Euro sharpens decline to five-month lows on concerns about the interest rate gap
2024-04-12 08:04AM UTC
Euro fell in European trade on Friday against a basket of major rivals, sharpening losses for the ...
Forex Technical Analysis
Forex
The USDCHF price gets the positive momentum – Forecast today - 16-04-2024
2024-04-16 04:01AM UTC
USDCHF Price Analysis Expected Scenario The USDCHF price continues to fluctuate within ...
Forex
The NZDUSD price surpasses the target – Forecast today - 16-04-2024
2024-04-16 04:01AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price broke 0.5915$ level strongly and ...
Forex
The AUDUSD price touches the target – Forecast today - 16-04-2024
2024-04-16 04:01AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price succeeded to achieve our waited ...