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

If the bullish momentum prevails, we should buy gold above the 200 EMA located at 3,324. The outlook could be positive, with the price reaching 3,450 in the short term...

Early in the European session, the euro is trading around 1.1737, above the 21 SMA and attempting to break the top of the downtrend channel formed since late June...

Early in the American session, gold is trading around $3,309, rebounding after reaching the bottom of the downtrend channel formed on June 30, around $3,281. This area represents good support...

The euro could fall sharply if it consolidates below the 8/8 Murray at 1.1718. Then, it could reach the bottom of the downtrend channel at 1.1630 and even...

The eagle indicator has reached oversold levels, so we believe the euro could recover above 1.1680 in the coming hours and then reach 1.1718, where the 8/8 Murray is located...

If a break below 3,281 occurs, we could expect a bearish acceleration, and gold could reach the 3/8 Murray level at 3,242 and ultimately reach the bottom of the main...

On the other hand, if Bitcoin consolidates above the 7/8 Murray level, it is likely that it will reach the strong resistance of the 8/8 Murray level located at $112,500...

If gold recovers above the 200 EMA at 3,327, we could expect a pullback to 3,345. This area represents strong resistance and could be seen as a selling opportunity...

The eagle indicator has been giving a negative signal since June 30, so our strategy will remain bearish. As long as the euro price trades below 1.1795, we continue...

If the euro breaks below 1.1762 and consolidates below this price zone, a bearish acceleration is likely and could reach the bottom of the trend channel around 1.1620. It could...