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 >
Forecast update for EURUSD -30-01-2026.
Forecast update for EURUSD -30-01-2026.
Mar 11, 2026
The price of EURUSD rose in its last intraday trading, due to the stability of 1.1900 support, gaining bullish momentum that helped it to achieve these gains, amid the dominance of the main bullish trend on short-term basis, with the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the chances of extending its gains...
EURUSD price is recovering- Analysis-29-01-2026
EURUSD price is recovering- Analysis-29-01-2026
Mar 11, 2026
The (EURUSD) price rose in its last intraday trading, supported by the stability of 1.1900 key support, gaining bullish momentum that helped it achieve these gains, amid the continuation of the main bullish trend on short-term basis, with its trading alongside supportive minor trend line for this trend. Noticing the emergence of positive divergence by the relative strength indicators, after...
EURUSD price is rising after reaching our expected target- Analysis-03-02-2026
EURUSD price is rising after reaching our expected target- Analysis-03-02-2026
Mar 11, 2026
The (EURUSD) price rose in its last intraday trading after the stability of 1.1800 support, which represented a target in our previous analysis, gaining bullish momentum to recover some of its last losses, this rebound comes amid the attempts to offload its clear oversold conditions on relative strength indicators, especially with the emergence of positive overlapping signals. This comes amid...
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...
Copyright 2023-2026 - www.financetom.com All Rights Reserved