financetom
Euro-Dollar
financetom
/
Forex
/
Euro-Dollar
/
The EURUSD price faces contradicted factors – Forecast today -
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
The EURUSD price faces contradicted factors – Forecast today -
Mar 26, 2024 12:19 AM

The EURUSD price ended yesterday at 1.0860$ level, and consolidated above the breached neckline of the inverted head and shoulders pattern, accompanied by stochastic reach to the oversold areas, these factors support the chances of resuming the expected bullish trend on the intraday basis.

On the other hand, we notice that the price is forming double top pattern that its signs appear on the chart, its confirmation line meets the neckline of the above mentioned pattern at 1.0845$, which means that breaking it will push the price to turn to decline and target 1.0765$ initially.

Therefore, the contradiction between the technical factors makes us prefer to stay aside until we get clearer signal for the next trend, which we will get through breaking 1.0845$ support or breaching 1.0885$ resistance.

The expected trading range for today is between 1.0780$ support and 1.0955$ resistance.

Trend forecast: Neutral

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 approaching from retesting key resistance-Analysis-15-10-2025
EURUSD price is approaching from retesting key resistance-Analysis-15-10-2025
Oct 14, 2025
The (EURUSD) price rose in its recent trading on the intraday levels, supported by the emergence of positive signals on the relative strength indicators, attempting to correct the main bearish trend that dominates on the short-term basis, with its trading alongside supportive trendline for this track. Despite this rise the price remains under negative pressure due to the continuation of...
Evening update for EURUSD -16-10-2025
Evening update for EURUSD -16-10-2025
Oct 16, 2025
The (EURUSD) rose in its last intraday trading, amid the continuation of the positive pressure due to its trading above EMA50, affected by a short-term bullish technical formation, which is represented by the double bottom pattern, after offloading the overbought conditions on the relative strength indicators, opening the way for achieving more gains. VIP Trading Signals Performance by BestTradingSignal.com (6-10...
Euro extends recovery on positive political developments in France
Euro extends recovery on positive political developments in France
Oct 15, 2025
The euro rose in European trading on Wednesday against a basket of global currencies, extending its gains for the second consecutive day against the US dollar, as part of its recovery from two-month lows, supported by weakness in the American currency following comments by Federal Reserve Chairman Jerome Powell. The rise was also supported by positive political developments in France,...
EURUSD price extends its gains-Analysis-17-10-2025
EURUSD price extends its gains-Analysis-17-10-2025
Oct 16, 2025
The (EURUSD) price continued its rise in its recent intraday trading, taking advantage of forming positive technical patterns on the short-term basis, represented by the double bottom pattern, which supports the continuation of the current bullish momentum, reinforcing the trading above EMA50, as dynamic support that keeps the stability of the bullish corrective trend. This comes amid the emergence of...
Copyright 2023-2026 - www.financetom.com All Rights Reserved