The EURUSD within tight track – Analysis - 26-11-2021
Economies.com
2021-11-26 05:10AM UTC
The EURUSD pair fluctuates within tight trades since yesterday, affected by the US markets holidays, moving around the intraday bearish channel’s resistance that appears on the chart.
Therefore, no change to the bearish trend scenario that targets 1.1145 as a next main station, supported by the negative pressure formed by the EMA50, reminding you that breaching 1.1275 will push the price to achieve intraday gains and test 1.1375 before any new attempt to decline.
The expected trading range for today is between 1.1140 support and 1.1275 resistance.
The expected trend for today: Bearish
Forex and Currency News
Forex
Dollar plumbs three-week low ahead of US payrolls report
2024-05-03 11:57AM UTC
Dollar fell in European trade on Friday against a basket of major rivals, extending losses for the ...
Forex
Yen hits three-week high as Japanese authorities intervene
2024-05-03 04:57AM UTC
Yen rose in Asian trade on Friday against major rivals, extending gains for the third straight ...
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 Technical Analysis
Forex
The NZDUSD price forecast update 03-05-2024
2024-05-03 13:54PM UTC
The NZDUSD price breached 0.6000$ level strong and settled above it, reinforcing the expectations ...
Forex
The AUDUSD price forecast update 03-05-2024
2024-05-03 13:54PM UTC
The AUDUSD price traded with strong positivity to succeed achieving our new waited target at ...
Forex
The GBPUSD forecast update 03-05-2024
2024-05-03 13:52PM UTC
The GBPUSD price traded with strong positivity to breach 1.2580$ level strongly but it returns to ...