The EURUSD price confirms the break – Forecast today - 16-04-2024
Economies.com
2024-04-16 03:55AM UTC
EURUSD Price Analysis
- The EURUSD price ended yesterday below the 1.0645$ level, confirming the break and indicating further decline on the intraday and short-term basis. The next negative targets are expected to be at 1.0525$ followed by 1.0450$ levels.
- The EMA50 continues to support the bearish momentum and exert negative pressure on the price. It's worth noting that breaching the 1.0645$ level will halt the current decline and lead to intraday recovery attempts targeting testing the 1.0765$ areas initially.
The expected trading range for today is between the 1.0520$ support and 1.0670$ resistance.
Trend forecast: Bearish
Forex and Currency News
Forex
Dollar under pressure from US yields and Japanese authorities
2024-04-29 11:17AM UTC
Dollar fell in European trade on Monday against a basket of major rivals, resuming gains after a ...
Forex
Euro hovers near two-week high despite bearish outlook
2024-04-29 07:40AM UTC
Euro rose in European trade on Monday against a basket of major rivals, resuming gains against the ...
Forex
The Australian dollar shines and the Japanese yen collapses!
2024-04-28 18:43PM UTC
Market Updates on Foreign Currencies The Australian currency tops the list of winning ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 29-04-2024
2024-04-29 09:53AM UTC
Expected Scenario The GBPUSD price shows new positive trades attempting to approach the ...
Forex
The EURUSD price forecast update - 29-04-2024
2024-04-29 09:53AM UTC
Expected Scenario The EURUSD price surpassed the 1.0715$ level and closed the last four ...
Forex
The GBPAUD hits the first target – Forecast today – 29-4-2024
2024-04-29 05:57AM UTC
GBPAUD Price Analysis Expected Scenario The GBPAUD price started to form new negative ...