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 >
EURUSD price is rising slightly, supported by the simple moving average- Analysis-19-12-2025
EURUSD price is rising slightly, supported by the simple moving average- Analysis-19-12-2025
Mar 10, 2026
The (EURUSD) price recorded slight rise in its last intraday trading, amid fluctuating trading to gain bullish momentum that may help it recover and resume the rise, taking advantage of learning on EMA50s support, which succeeded in reducing the selling pressures and preventing more downside movements. Accompanied by the trading alongside minor bullish trend line on the short-term basis, indicating...
Evening update for EURUSD -15-01-2026
Evening update for EURUSD -15-01-2026
Mar 11, 2026
The (EURUSD) declined in its last intraday trading, breaking 1.1655 support, this support represents our expected target, amid its trading within bearish corrective channels range that limits its previous trading on short-term basis, with the continuation of the negative pressure due to its trading below EMA50, on the other hand, we notice the emergence of positive overlapping signal on the...
Euro under pressure after ECB meeting
Euro under pressure after ECB meeting
Mar 10, 2026
The euro fell in European trading on Friday against a basket of global currencies, extending its losses for the fourth consecutive day against the US dollar, following the European Central Banks monetary policy meeting, whose outcome largely matched market expectations. In its final meeting of 2025, the European Central Bank left interest rates unchanged for the fourth consecutive time, while...
Evening update for EURUSD -12-01-2026
Evening update for EURUSD -12-01-2026
Mar 11, 2026
The (EURUSD) price declined in its last intraday trading, as we expected after retesting 1.1700 key resistance, accompanied by hitting EMA50s resistance, which forced it to bounce lower, especially with the dominance of the bearish corrective trend on the short-term basis and its trading alongside trendline, with the emergence of negative overlapping signals from the relative strength indicators, after reaching...
Copyright 2023-2026 - www.financetom.com All Rights Reserved