$EURUSD Forex Signal: Rising to Test Resistance in $1.08 Area
, I said that the technical picture looked choppy between $1.0625 and $1.0800. I thought that the best strategy would probably be to trade reversals from any price extremes such as $1.0626 and $1.0796.
The technical picture is now more bullish, having produced what looks like a bullish cup and handle pattern at the bottom The Euro is the strongest major currency while the US Dollar is the weakest, so this currency pair is in focus. Another reason for this is that both central banks will be meeting If the price will get established above this level after the London open, say with two consecutive higher hourly closes, that will suggest a further upwards move is likely to happen, with the price likely to reach $1.0835 quite quickly., which is expected to fall strongly to 4.1%.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EUR/USD Price Analysis: Rising wedge lures Euro bears as Fed, ECB decisions loom, 1.0720 eyedEUR/USD takes offers to refresh intraday low as it prints mild losses near 1.0745 while extending the previous day’s fall amid early Monday. In doing
Read more »
EUR/USD: Weekly Forecast 11th June - 17th JuneThe EURUSD went into the weekend experiencing a slight selloff- Forex Trading
Read more »
Pairs in Focus This Week \u2013 EUR/USD, GBP/USD, Gold, OilGet the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of June 11th, 2022 here.
Read more »
EUR/USD grinds near mid-1.0700s as Fed vs. ECB play gains attentionEUR/USD renews intraday low near 1.0750 as it pares the first weekly gain in five amid cautious mood ahead of the key week comprising the European Cen
Read more »
EUR/USD: Upward momentum gathers pace – UOBUOB Group’s Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia note the upside bias in EUR/USD seems to be picking up pace. Key Quo
Read more »
EUR/USD could see a retest of last week's low at 1.0635 – INGEUR/USD continues to trade well above 1.07. Economists at ING analyze the pair’s outlook. EUR/USD will find a base in the 1.05/1.07 area this month Th
Read more »