financetom
Euro-Dollar
financetom
/
Forex
/
Euro-Dollar
/
The EURUSD price attempts positively – Forecast today - 18-06-2024
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
The EURUSD price attempts positively – Forecast today - 18-06-2024
Jun 17, 2024 9:48 PM

EURUSD Price Analysis Expected Scenario The EURUSD price continued to rise yesterday to surpass the $1.0720 level, but we notice that the price begins today with bearish bias to press on this level, as it is affected by stochastic negativity that appears clearly now, waiting to resume the expected bearish trend on the intraday basis, which targets $1.0675 followed by $1.0600 levels as next main stations. Therefore, we will continue to suggest the bearish trend for the upcoming period supported by the negative pressure formed by the EMA50 unless the price rallied to breach $1.0795 and hold above it. Expected Trading Range Between $1.0640 support and $1.0780 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 suffers clear losses – Forecast today - 14-06-2024
The EURUSD price suffers clear losses – Forecast today - 14-06-2024
Jun 13, 2024
EURUSD Price Analysis Expected Scenario The EURUSD price ended yesterday with strong negativity, to settle below 1.0760$ level, which leads the price to continue the decline and head towards achieving negative targets that start by breaking 1.0720$ to open the way to head towards 1.0675$ followed by 1.0600$. The EMA50 forms negative pressure against the price to support the continuation...
The EURUSD price hits the first extended target – Forecast today - 17-06-2024
The EURUSD price hits the first extended target – Forecast today - 17-06-2024
Jun 16, 2024
EURUSD Price Analysis Expected Scenario The EURUSD price finds solid support at the 1.0675$ level, showing some slight bullish bias influenced by stochastic positivity. However, the EMA50 exerts negative pressure, supporting the continuation of the expected bearish trend on the intraday basis, targeting 1.0600$ as the next main station. Therefore, the bearish trend scenario will remain valid for the upcoming...
Euro sharpens decline to six-week low on European political risks
Euro sharpens decline to six-week low on European political risks
Jun 14, 2024
Euro fell in European trade on Friday against a basket of major rivals, sharpening losses for the second day against the dollar and giving up $1.07, marking six-week lows and on track for the largest weekly loss since April amid mounting EU political risks. Anti-EU parties won a quarter of seats at the European Parliament in the last elections, up...
The EURUSD price forecast update - 14-06-2024
The EURUSD price forecast update - 14-06-2024
Jun 14, 2024
The EURUSD price resumes its negative trading to break 1.0720$ and reach the first extended target at 1.0675$, and we suggest breaking this level to open the way to head towards our next target that reaches 1.0600$. Therefore, we are waiting for more expected decline for the rest of the day unless the price rallied to breach 1.0795$ and holding...
Copyright 2023-2026 - www.financetom.com All Rights Reserved