The EURUSD price forecast update - 02-05-2024
Economies.com
2024-05-02 09:05AM UTC
EURUSD Trading Report
The EURUSD price continues to fluctuate around 1.0715$ level, and we still waiting for clearer confirmation signals for the next trend, as the contradiction between the technical factors continues, to keep our neutrality valid until now.
We remind you that breaching the mentioned level will lead the price to build bullish wave that targets 1.0795$ as a next target, while trading below it represents the key to resume the bearish wave that its next target located at 1.0615$.
The expected trading range for today is between 1.0650$ support and 1.0800$ resistance.
Trend forecast: Neutral
Forex and Currency News
Forex
Euro extends gains to two-month highs amid positive outlook
2024-05-16 08:33AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Yen gains ground as US treasury yields dip
2024-05-16 04:20AM UTC
Yen rose in Asian trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
US Dollar extends losses after inflation data
2024-05-15 20:25PM UTC
The US dollar fell against most major rivals on Wednesday, extending losses after the release of US ...
Forex Technical Analysis
Forex
The USDCHF price consolidates above the support – Forecast today - 17-05-2024
2024-05-17 04:07AM UTC
Price Analysis for USDCHF Expected Scenario The USDCHF price couldn’t manage to ...
Forex
The NZDUSD price needs the positive momentum – Forecast today - 17-05-2024
2024-05-17 04:07AM UTC
Price Analysis for NZDUSD Expected Scenario The NZDUSD price shows sideways trades in the ...
Forex
The AUDUSD price heads towards resting the neckline – Forecast today - 17-05-2024
2024-05-17 04:07AM UTC
Price Analysis for AUDUSD Expected Scenario The AUDUSD price faces temporary negative ...