financetom
Euro-Dollar
financetom
/
Forex
/
Euro-Dollar
/
The EURUSD price forecast update - 23-10-2024
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
The EURUSD price forecast update - 23-10-2024
Nov 3, 2024 12:07 PM

The EURUSD price shows additional bearish bias to succeed reaching the waited target at 1.0780$, and we suggest breaking this level to achieve additional negative targets that extend to 1.0700$, to keep the bearish trend valid and active for the upcoming period, taking into consideration that failing to break the mentioned level will lead the price to start recovery attempts and test 1.0880$ areas initially.

The expected trading range for today is between 1.0730$ support and 1.0870$ resistance

Trend forecast: Bearish

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
The EURUSD price awaits more decline – Forecast today - 21-06-2024
The EURUSD price awaits more decline – Forecast today - 21-06-2024
Jun 20, 2024
EURUSD Price Analysis Expected Scenario The EURUSD price ended yesterday below 1.0720$ level, and the EMA50 keeps pressing negatively on the price, waiting for the continuation of the decline to achieve our negative targets that start at 1.0675$ and extend to 1.0600$. Stochastic current positivity might cause some temporary bullish bias before resuming the expected bearish trend, which will remain...
The EURUSD price achieves intraday gains – Forecast today - 19-06-2024
The EURUSD price achieves intraday gains – Forecast today - 19-06-2024
Jun 18, 2024
EURUSD Price Analysis Expected Scenario The EURUSD price provided new positive trades yesterday, as it tested 1.0760$ level, noticing that the EMA50 meets this support to add more strength to it, waiting to resume the bearish bias and head towards our negative targets that start at 1.0675$ followed by 1.0600$. Until now the bearish trend scenario still valid and active,...
The EURUSD price gets a negative signal – Forecast today - 20-06-2024
The EURUSD price gets a negative signal – Forecast today - 20-06-2024
Jun 19, 2024
EURUSD Price Analysis Expected Scenario The EURUSD price traded within a tight range yesterday, affected by the US markets holidays. Stochastic overlaps negatively now, waiting to motivate the price to resume the expected bearish trend for the upcoming period, targeting 1.0675$ followed by 1.0600$ levels as next main stations. The EMA50 keeps supporting the expected decline, which will remain valid...
Copper price begins positively – Forecast today – 20-6-2024
Copper price begins positively – Forecast today – 20-6-2024
Jun 20, 2024
Copper Price Analysis Expected Scenario Copper price began activating the bullish track, taking advantage of the repeated stability above the support level at 4.3500$, achieving the first positive targets by reaching 4.6200$ and settling near it. The continuation of attempts to provide positive momentum by the main indicators will increase the chances of targeting the resistance at 4.7700$, which represents...
Copyright 2023-2025 - www.financetom.com All Rights Reserved