The EURUSD within sideways track – Analysis - 07-04-2020

Economies.com
2020-04-07 04:54AM UTC

The EURUSD pair continues to fluctuate within sideways track, confined between 1.0775 and 1.0840 levels, starting today with bullish bias to approach testing the mentioned resistance, noting that the price needs to hold below this level to keep the bearish trend scenario active for the upcoming period, which targets 1.0700 followed by 1.0640 levels as next negative stations.

 

The EMA50 keeps supporting the suggested bearish wave, noting that breaching 1.0840 will push the price to achieve intraday gains, starting by testing 1.0966 level.

 

The expected trading range for today is between 1.0700 support and 1.0900 resistance.

 

The expected trend for today: Bearish

Forex and Currency News

Forex News

Forex

Dollar hits six-week high ahead of US growth data
2024-03-28 11:38AM UTC
US Dollar's Rise in European Trade The US dollar rose in European trade on Thursday against a ...
EUR/USD news

Forex

Euro sharpens decline to five-week trough on the interest rate gap
2024-03-28 08:30AM UTC
Euro declined in European trade on Thursday against a basket of major rivals, sharpening losses for ...
Forex News

Forex

Dollar under pressure ahead of Christopher Waller's speech
2024-03-27 11:18AM UTC
The dollar declined in European trade on Wednesday against a basket of major rivals away from ...

Forex Technical Analysis

EUR USD Analysis

Forex

End of day EURUSD price forecast update - 28-03-2024
2024-03-28 17:42PM UTC
The EURUSD price provided additional negative trades to reach the thresholds of the first waited ...
NZD USD Analysis

Forex

The NZDUSD price forecast update 28-03-2024
2024-03-28 10:19AM UTC
NZDUSD Price Analysis The NZDUSD price resumes its negative trading to move away from 0.6000$ ...
AUD USD Analysis

Forex

The AUDUSD price forecast update 28-03-2024
2024-03-28 10:19AM UTC
AUDUSD Price Analysis The AUDUSD price achieved initial break to 0.6500$ level and closed the ...