EURUSD affected by the negative momentum – Analysis - 25-09-2018
The EURUSD pair returns to test the key support 1.1705 after the bullish rally that it witnessed yesterday, noticing that the EMA50 continues to support the price from below, to protect trading inside the intraday bullish channel that appears on the chart, while stochastic current negativity interprets the reasons of the recent bearish bias.
Until now, the bullish trend still suggested as long as the price is above 1.1705 level, reminding you that breaching 1.1800 is required to confirm rallying towards 1.1975 that represents our next target, noting that breaking 1.1705 will push the price to achieve negative targets that start at 1.1600 and extend to 1.1443.
Expected trading range for today is between 1.1660 support and 1.1840 resistance.
Expected trend for today: Bullish
Forex and Currency News
Forex
Fed Chair: Driving down inflation towards target could take longer than expected
Fed Chair Jerome Powell said in a symposium earlier today that inflation has stiffened and held in ...
Forex
US retail sales beat expectations in March
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
Euro rose in European trade on Monday against a basket of major rivals amid attempts to recoup from ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 16-04-2024
GBPUSD Price Forecast The GBPUSD price fluctuates positively now to head towards potential test ...
Forex
The EURUSD price forecast update - 16-04-2024
EURUSD Price Forecast The EURUSD price finds good support at 1.0600$ barrier, to show some ...
Forex
The EURGBP tends to resume the decline – Forecast today – 16-4-2024
EURGBP Price Analysis Expected Scenario The EURGBP pair confirmed its affection by the ...