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

Early in the European session, the EUR/USD pair is trading around the 2/8 Murray and within the uptrend channel formed since January 18. The H4 chart shows a negative bias...

If the euro consolidates within the uptrend channel, it is expected to continue its upward path in the coming hours and could reach 1.1840 in the short term...

The Eagle indicator is showing a negative signal. So, a strong technical correction will likely occur in the coming hours, and EUR/USD could reach 1.1676 around the 21 SMA located...

In case of a technical rebound above 1.1596 or 1.1555, it will be seen as an opportunity to open long positions with targets at 1.1657, where Murray's 3/8 is located...

If the euro reaches 2/8 Murray or the bottom of the downtrend channel in the coming hours, we could expect this area to be a good point to open long...

The Eagle indicator is showing a positive signal, so our trading plan for the coming days will be to buy the euro around 1.1620 or 1.1596. Above this zone...

The euro is trading around 1.1679 below the 21 SMA and below the 200 EMA under bearish pressure but showing signs of exhaustion as consolidation is observed around 1.1670...

EUR/USD is trading around 1.1697 after rebounding from a rejection around 1.1730 during the European session on Tuesday. The euro is expected to recover above...

EUR/USD is trading around 1.1745 after a technical rebound when it reached a low of around 1.1718. On the H4 chart, we can see that the euro has been under...

A technical rebound and consolidation above the December 18 low could give the euro a chance to resume its bullish cycle, and we could expect it to reach 5/8 Murray...