Midday update for the EURUSD 01-06-2020
Economies.com
2020-06-01 10:14AM UTC
The EURUSD pair shows some bearish bias after reaching the thresholds of the waited target at 1.1170, to head towards potential test to the key support 1.1067, and as long as the price is above this level, our bullish overview will remain valid for the upcoming period, supported by the EMA50, noting that breaching the targeted level will push the price to 1.1295 as a next main station.
The expected trading range for today is between 1.1070 support and 1.1230 resistance.
The expected trend for today: Bullish
Forex and Currency News
Forex
Aussie parks at two month highs even as Australian wages slow down
2024-05-15 04:23AM UTC
The Australian dollar rose in European trade on Wednesday against a basket of major rivals, ...
Forex
Dollar under pressure ahead of inflation data, Powell's speech
2024-05-14 10:58AM UTC
Dollar fell in European trade on Tuesday against a basket of major rivals, on track for the second ...
Forex
Yen tumbles to two-week lows, triggering concerns of official Japanese intervention
2024-05-14 04:08AM UTC
Yen fell in Asian trade on Tuesday against a basket of major rivals, sharpening losses for the ...
Forex Technical Analysis
Forex
The EURGBP leans above the moving average – Forecast today – 15-5-2024
2024-05-15 05:36AM UTC
EURGBP Price Analysis Expected Scenario The EURGBP price ended the recent trades ...
Forex
The EURJPY lacks the positive momentum – Forecast today – 15-5-2024
2024-05-15 05:33AM UTC
EURJPY Price Analysis Expected Scenario The EURJPY pair ended the recent positive rally ...
Forex
The GBPJPY fluctuates below the barrier – Forecast today – 15-5-2024
2024-05-15 05:32AM UTC
GBPJPY Price Analysis Expected Scenario The GBPJPY pair touched 197.10 target yesterday, ...