The EURUSD draws negative pattern – Analysis - 18-01-2022
Economies.com
2022-01-18 05:19AM UTC
The EURUSD pair settled below the intraday bullish channel’s support line, noticing that it forms potential double top pattern, which might press on the price to break 1.1375 level and return to the main bearish track again.
Therefore, we prefer to stay aside until we get clearer signal for the next trend, noting that breaking 1.1375 will press on the price to decline towards 1.1300 initially, while breaching 1.1430 represents the key to reactivate the bullish trend scenario that its next targets located at 1.1500 followed by 1.1560.
The expected trading range for today is between 1.1300 support and 1.1490 resistance.
The expected trend for today: Neutral
Forex and Currency News
Forex
Sterling sharpens decline to five-month nadir after weak data
2024-04-19 11:40AM UTC
Sterling tumbled in European trade against a basket of major rivals, sharpening losses for the ...
Forex
Euro approaches week high amid positive outlook
2024-04-18 08:30AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Dollar gives up five-month high on profit-taking
2024-04-17 10:56AM UTC
The dollar lost ground in European trade on Wednesday against a basket of major rivals away from ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 19-04-2024
2024-04-19 10:43AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price trades with clear positivity to ...
Forex
The EURUSD price forecast update - 19-04-2024
2024-04-19 10:43AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price finds solid support at the ...
Forex
The NZDCAD surrenders to the resistance line stability – Forecast today – 19-4-2024
2024-04-19 08:21AM UTC
NZDCAD Pair Analysis Expected Scenario The NZDCAD pair has confirmed its submission to ...