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

Important support is located around the 21 SMA at 3,035. This level coincides with the bottom of the uptrend channel, which could suggest a technical rebound in the coming days...

Early in the American session, the euro is trading around 1.0771, below the 21SMA, and within the downtrend channel forming since March 14. The bias is bearish. Yesterday, EUR/USD attempted...

On Thursday, the EUR/USD pair rebounded from the 161.8% Fibonacci retracement level at 1.0734 and rose to the resistance zone of 1.0781–1.0797. A rebound from this zone would favor...

On the hourly chart, the GBP/USD pair on Thursday rebounded from the 1.2865 level, reversed in favor of the pound, and rose above the 1.2931 level, which carries no weight...

As the week comes to an end, the market remains indecisive, with no clear preferences evident. Yesterday, the bulls made some progress, adjusting the prevailing bearish sentiment. To confirm...

The key economic report yesterday—U.S. Q4 GDP—came in at 2.4% versus 2.3% expected. However, three major agencies—Moody's, Fitch Ratings, and S&P Global—warned of a potential downturn due to restrictive tariffs...

Although the U.S. data showed a growth of 2.4% compared to the expected 2.3%, the dollar index fell by 0.28%. The pound surged by 78 pips, nearly reaching the 1.3001...

Yesterday, Donald Trump signed an executive order imposing a 25% tariff on all automobiles and auto parts imported into the U.S. The tariff on vehicles will take effect on April...

If the euro continues its rebound and consolidates above 1.0790 in the coming hours, we could expect EUR/USD to continue rising. So, the instrument could reach +2/8 Murray at 1.0986...

If gold fails to break above 3,057, it will be seen as a signal to sell with a target at 3,023. Moreover, we could expect it to reach...