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 >
Forecast update for EURUSD -04-05-2026.
Forecast update for EURUSD -04-05-2026.
May 4, 2026
The EURUSD pair declined in its recent intraday trading, surpassing EMA50s support, which puts it under negative pressure on the relative strength indicators after reaching oversold levels, exaggeratedly compared to the price move, to indicate forming positive divergence that might help it to gain the required bullish momentum for its recovery, especially with the dominance of the main bullish trend...
Forecast update for EURUSD- 06-05-2026
Forecast update for EURUSD- 06-05-2026
May 6, 2026
The EURUSD pair extended its strong gains during its recent intraday trading, approaching the resistance level of 1.1790, which had been a price target in our morning analysis. This move is supported by the pairs continued trading above the EMA50, reinforcing the stability and dominance of the main short-term bullish trend. The price is also moving alongside a supportive trendline...
Euro maintains gains in wait for Iranian response to US peace proposals
Euro maintains gains in wait for Iranian response to US peace proposals
May 7, 2026
The euro rose in the European market on Thursday against a basket of global currencies, maintaining its gains for the third consecutive day against the US dollar, trading near its highest levels in three weeks, benefiting from weaker demand for the US currency as the best alternative investment amid de-escalation between the United States and Iran and growing hopes of...
Euro gains ground on US-Iran talks developments
Euro gains ground on US-Iran talks developments
May 4, 2026
The Euro rose in the European market on Monday against a basket of global currencies, resuming gains that briefly paused on Friday against the U.S. dollar. The currency is approaching a multi-week high, benefiting from a slowdown in the greenback as investors assess developments in peace talks between the United States and Iran. ECB President Christine Lagarde stated last week...
Copyright 2023-2026 - www.financetom.com All Rights Reserved