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 >
Evening update for EURUSD -19-11-2025
Evening update for EURUSD -19-11-2025
Nov 19, 2025
The (EURUSD) slipped lower in its last intraday trading, to reach 1.1550 support, this support represents our expected target in our previous analysis, amid the emergence of the negative signals on the relative strength indicators, despite reaching oversold levels, under the dominance of the main bearish trend on the short-term basis. ...
Forecast update for EURUSD -13-11-2025.
Forecast update for EURUSD -13-11-2025.
Nov 13, 2025
The price of (EURUSD) surged higher in its last intraday trading, breaching the key resistance at 1.1595, supported by its trading alongside bullish corrective trend on the short-term basis, with its continued trading above EMA50, reinforcing the chances of targeting new resistance on the near-term basis, this rise comes despite the emergence of negative signals on the relative strength indicators,...
Evening update for EURUSD -14-11-2025
Evening update for EURUSD -14-11-2025
Nov 14, 2025
The (EURUSD) declined in its last intraday trading, amid the emergence of the negative signals on the relative strength indicators, after reaching overbought levels previously, to notice reaching exaggerated oversold levels compared to the price move, indicating a quick fading to the negative momentum, where it attempts to gain bullish momentum that might help it to recover and rise again,...
Evening update for EURUSD -13-11-2025
Evening update for EURUSD -13-11-2025
Nov 13, 2025
The (EURUSD) extended its gains in its last intraday trading, amid the emergence of the positive signals on the relative strength indicators, despite reaching overbought levels, and under the dominance of bullish corrective wave on the short-term basis and its trading alongside trendline. ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved