The EURUSD price activates the positive scenario – Forecast today - 03-05-2024
Economies.com
2024-05-03 03:36AM UTC
EURUSD Price Analysis
- The EURUSD price confirmed breaching 1.0715$ level after closing the daily candlestick above it.
- It keeps rising to return to the intraday bullish channel visible on the chart, activating the bullish trend scenario.
- This action aims to achieve gains, starting with testing the 1.0795$ level, with potential extension to 1.0875$.
- The EMA50 supports the price from below, reinforcing the positive overview.
The bullish scenario will remain valid unless the price breaks below 1.0715$ and holds below it again. High volatility may be expected during the release of US economic data today, urging caution in trading.
The expected trading range for today is between 1.0670$ support and 1.0825$ resistance.
Trend forecast: Bullish
Forex and Currency News
Forex
Yen extends losses as Banks of Japan holds off intervention
2024-05-17 04:36AM UTC
Yen fell in Asian trade on Friday against a basket of major rivals, extending losses for the second ...
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 Technical Analysis
Forex
The GBPUSD forecast update 17-05-2024
2024-05-17 09:10AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price provides additional negative ...
Forex
The EURUSD price forecast update - 17-05-2024
2024-05-17 09:09AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price shows additional negative trades ...
Forex
The GBPCHF repeats the attempt to exit the negative track – Forecast today – 17-5-2024
2024-05-17 07:18AM UTC
GBPCHF Price Analysis Expected Scenario The GBPCHF price returned to form new bullish ...