The EURUSD pair trades with clear positivity to test the key resistance 1.1780 now, which urges caution from the upcoming trading, as the price needs to hold below this level to keep the bearish trend valid for the upcoming period, supported by the EMA50, reminding you that our next target is located at 1.1605.

Previous Analysis

Next Analysis

Main

Forex

Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.1982	0.0071	0.5994%
Midday update for the EURUSD 16-04-2021
	GBP/USD	1.3839	0.0091	0.6648%

	Tadawul	9987.92	124.63	1.26%

	Silver	25.945	0.850	3.387%

	Oil	63.092	2.702	4.474%
Midday update for Crude oil 16-04-2021
	Brent Oil	66.70	-0.23	0.34%

	Gold	1775.845	38.910	2.240%
Update: Gold price continues to achieve gains

Live Forex Updates

Dollar slips with US economic data in focus

2021-04-16 18:28:43 GMT

US oil drilling rigs count rises this week

2021-04-16 18:25:32 GMT

US consumer confidence rises in April

2021-04-16 15:44:04 GMT

Dollar on track for second straight weekly loss on US bonds slide

2021-04-16 11:58:14 GMT

Risk Disclaimer: Economies.com is a financial portal that provides news and analysis about the different financial markets. The articles that we serve on the portal depend solely on the opinion and analysis of our economists which in no way are intended to incite a visitor of the website or an investor to trade or sell/buy a certain instrument. It is the responsibility of the visitor / trader only to evaluate his trading strategies and whether he is capable of trading with taking into consideration that losing all the capital invested is a possibility. The visitor should seek an independent professional financial advisor to discuss his or her trading strategies. Moreover, the provided rates for the different instruments are indicative only and cannot be used for trading purposes. Therefore, no responsibility can be imposed on Economies.com and the company operating the portal for any loss of money that may occur to the visitor by using the website.