Category: Forex News

EUR/USD, GBP/USD, DXY Price Forecast: DXY Correction to 104.15 Signals More Selling

Today, the EUR/USD pair edged up by 0.01%, marking a price of 1.08475. Hovering just below the pivot point of 1.0855, the currency pair shows potential for either direction. Immediate resistance levels are found at 1.0888, 1.0912, and 1.0942, setting the stage for upward momentum.

Support levels are positioned at 1.0835, followed by 1.0802 and 1.0766, which could safeguard against further declines. The 50-day and 200-day Exponential Moving Averages (EMAs), almost identical at 1.0861 and 1.0860 respectively, suggest a tightly contested market.

The overall trend leans towards bearish below 1.0855, but a move above this threshold could tilt the balance towards a bullish outlook.

GBP/USD Technical Forecast


Source link

Discover more from BIPNs

Subscribe to get the latest posts to your email.

Written by : Editorial team of BIPNs

Main team of content of bipns.com. Any type of content should be approved by us.

Share this article:

Share your opinion. And leave a reply within the comments from below.


Discover more from BIPNs

Subscribe to get the latest posts to your email.