FX.co ★ Daily Forex Analytics. Forecast of the currency exchange rate for today

Early in the American session, the EUR/USD pair is trading around 1.1623 within the uptrend channel formed since June 10th and showing a slight recovery after consolidating in this area...

This area of 3,300 represents strong support, but we believe gold could make a technical rebound in the coming hours toward 3,327. At this point, it could resume its bearish...

The H4 chart shows a triple-top formation pattern. If the euro price falls below 1.1620, the signal will be negative, and we could sell with a target at 1.1533. EUR/USD...

On the contrary, this area around the 21SMA, located at the psychological level of 1.15, is key. Below this area, we could expect a sharp breakout of the uptrend channel...

If gold continues its recovery and settles above the 21 SMA at 3,364, this could be seen as a buying opportunity with targets at 8/8 Murray at 3,437. The metal...

Early in the American session, the XAU/USD is trading around 3,370, below the 21 SMA under bearish pressure. We believe a technical rebound could occur in the coming hours...

The outlook remains negative for the euro, as rising oil prices could pressure the European currency. In turn, we could expect EUR/USD to reach the 6/8 Murray level at 1.1230...

Early in the American session, the euro is trading under bearish pressure around 1.1502, below the 21-SMA and within the uptrend channel formed since early May. If the euro price...

The price of gold has been consolidating below 3,400 and below the 21SMA. After reaching the 8/8 Murray level at 3,437, gold underwent a technical correction...

Under the opposite scenario, if the euro falls below 1.1490, it is likely to reach the 200 EMA, which is located at 1.1340 and coincides with the bottom...