The EURUSD price under the negative pressure – Forecast today - 30-04-2024
Economies.com
2024-04-30 04:05AM UTC
EURUSD Price Analysis
The EURUSD price faces negative pressure to break the 1.0715$ level and attempts to hold below it. The recent trades are confined within a minor bullish channel that we believe forms a bearish flag pattern. Breaking 1.0695$ will activate the negative effect of this pattern and push the price to resume the main bearish trend, opening the way to achieve negative targets, starting with testing the 1.0615$ level.
Therefore, a bearish bias will be suggested for today. Consolidating above 1.0695$ and breaching 1.0715$ will stop the expected decline and lead the price to rise again, heading towards visiting 1.0795$ mainly.
Expected Trading Range
- Support: 1.0620$
- Resistance: 1.0770$
Trend Forecast
Bearish
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 ...