financetom
Euro-Dollar
financetom
/
Forex
/
Euro-Dollar
/
The EURUSD price forecast update - 21-03-2024
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
The EURUSD price forecast update - 21-03-2024
Mar 26, 2024 12:19 AM

The EURUSD price faces negative pressure now to head towards potential test to the key support 1.0860$, affected by stochastic negativity, waiting to get positive motive that assist to push the price to resume the positive trades, as we suggest the domination of the bullish trend in the upcoming sessions unless breaking the mentioned support, reminding you that our targets begin by breaching 1.0960$ to rally towards 1.1080$.

On the other hand, we should note that the continuation of the decline and breaking 1.0860$ will put the price under additional negative pressure and turn the intraday track to decline.

The expected trading range for today is between 1.0840$ support and 1.1020$ resistance.

Trend forecast: Bullish

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 >
The EURUSD price presses on the support – Forecast today - 17-05-2024
The EURUSD price presses on the support – Forecast today - 17-05-2024
May 16, 2024
Price Analysis for EURUSD Expected Scenario The EURUSD price continues to trade negatively, as it presses on the bullish channels support line that appears on the chart, which hints heading to continue the decline in the upcoming sessions, on its way to test 1.0795$ mainly. Therefore, we expect to witness negative trades today, being aware that it is important to...
Euro trades at two-month highs amid positive outlook
Euro trades at two-month highs amid positive outlook
May 20, 2024
Euro rose in European trade on Monday against a basket of major rivals, resuming gains and approaching two-month highs amid expectations of further advances above the $1.09 barrier due to interest rate outlook. Now markets await more clues about potential European interest rate cuts after the likely cut in June, while waiting for similar clues about US rates. The EUR/USD...
The EURUSD price tests the resistance – Forecast today - 20-05-2024
The EURUSD price tests the resistance – Forecast today - 20-05-2024
May 19, 2024
EURUSD Price Analysis Expected Scenario The EURUSD price has bounced bullishly to test the key resistance at 1.0876$. Currently consolidating below this level, accompanied by stochastic loss in positive momentum and reaching overbought areas. We anticipate a resumption of bearish bias to test 1.0795$, representing the first negative station. Continuation of the bearish trend is expected, with a breach of...
The EURUSD price surpasses the first target – Forecast today - 16-05-2024
The EURUSD price surpasses the first target – Forecast today - 16-05-2024
May 15, 2024
EURUSD Price Analysis Expected Scenario The EURUSD price continued to rise yesterday to breach the 1.0875$ level and close the daily candlestick above it, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, opening the way to head towards 1.0975$ that represents our next main target. The bullish channel carries the price to achieve more expected gains...
Copyright 2023-2026 - www.financetom.com All Rights Reserved