• EURUSD under the bearish pressure
• Likely to fall to support level 1.0800
EURUSD under the bearish pressure after the price reversed down from the key resistance area located between the long-term resistance level 1.0950 (which has been reversing the price from the end of April) and the upper daily Bollinger Band.
The price is likely to form the daily Bearish Engulfing – if the pair closes today near the current levels.
Given the overbought daily Stochastic, EURUSD can then be expected to fall further toward the next support level 1.0800 (low of the pervious correction B).
The monthly ADP labour market report showed that America created 192K new jobs in April, above…
Bears showed strength ahead of the FOMC decision. U.S. indices sagged on Tuesday as investors…
Market Picture Bitcoin's closing price on Tuesday became the lowest since late February, confirming the…
- Ebay under the bearish pressure - Likely to fall to support level 51.00 Ebay…
- GBPAUD reversed from key support level 1.9135 - Likely to rise to resistance level…
Silver has lost 2.6% since the start of the day on Tuesday to $26.4 per…
This website uses cookies