The EURAUD pair tests the support – Analysis – 22-7-2019

Economies.com
2019-07-22 07:53AM UTC

The EURAUD pair succeeded to test the bullish channel’s support line recently at 1.5913, to form solid barrier against the negative attempts, while the stability of this support will confirm the attempt to renew forming bullish trades, expecting to target towards 1.6080 followed by attempting to reach 1.6190 as a next station.

 

We should note that attempting to crawl below the current support and providing negative close will confirm moving into new negative track, to start suffering many losses by reaching 1.5690 followed by 1.5530 levels.

 

The expected trading range for today is between 1.5915 and 1.6080

 

The expected trend for today: Bullish

Forex and Currency News

EUR/USD news

Forex

Euro declines to five-week trough amid thin trading
2024-03-29 08:19AM UTC
Euro Decline Amid Holiday Thin Trading Euro declined in European trade on Friday against a basket ...
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 Technical Analysis

Technical Analysis

Forex

The NZDCAD moves to the bearish track – Forecast today – 29-3-2024
2024-03-29 06:18AM UTC
NZDCAD Pair Forecast for Today - 29-3-2024 The NZDCAD pair surrendered to the negative ...
EUR JPY Analysis

Forex

The EURJPY declines below the support – Forecast today – 29-3-2024
2024-03-29 06:13AM UTC
EURJPY Pair Forecast for Today - 29-3-2024 The EURJPY pair surrendered to the negative ...
GBP JPY Analysis

Forex

The GBPJPY has to decline – Forecast today – 29-3-2024
2024-03-29 06:12AM UTC
GBPJPY Pair Forecast for Today - 29-3-2024 The GBPJPY pair still confined with many negative ...