financetom
Euro-Dollar
financetom
/
Forex
/
Euro-Dollar
/
The EURUSD price is recovering – Forecast today - 18-04-2024
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
The EURUSD price is recovering – Forecast today - 18-04-2024
Apr 18, 2024 12:29 AM

Price Analysis: EURUSD Expected Scenario The EURUSD price found solid support at the 1.0600$ barrier, rebounding bullishly and hinting at an attempt to recover in the upcoming sessions and halt the recent bearish correction. The next main station is targeted at 1.0715$. Observing the chart reveals that the mentioned level represents a broken neckline for a double top pattern, with its effect still active, potentially forcing the price to decline again, especially given clear negative signals from technical indicators. Therefore, preferring to stay aside until clearer signals for the next trend emerge is advisable. Notably, breaking 1.0615$ will likely push the price to resume the bearish wave, targeting additional negative levels at 1.0520$ and 1.0450$. Conversely, breaching 1.0715$ will halt the negative effect of the mentioned pattern and lead to further gains starting at 1.0795$ and extending to 1.0875$. Expected Outcome The expected trading range for today is between 1.0590$ support and 1.0770$ 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 under negative pressure-Analysis-24-11-2025
EURUSD price is under negative pressure-Analysis-24-11-2025
Nov 23, 2025
The (EURUSD) price declined in its last intraday trading, with the continuation of the main bearish trend dominance on short-term basis, and the trading alongside minor trend line that reinforces the negative track, keeping the selling pressure valid if the price is below EMA50, which limits any actual recovery attempt. At the same time, we notice that the emergence of...
EURUSD price is experiencing fluctuating trading-Analysis-25-11-2025
EURUSD price is experiencing fluctuating trading-Analysis-25-11-2025
Nov 24, 2025
The (EURUSD) price rose slightly in its last intraday fluctuating trading, but this rise remains limited amid the negative pressure on the pair, that is represented by its stability below EMA50, and trading within main bearish trend range on a short-term basis, with its trading alongside minor trend line that reinforces this bearish trend. And the relative strength indicators show...
Euro tries to recover before major European data
Euro tries to recover before major European data
Nov 20, 2025
The euro rose in European trading on Friday against a basket of global currencies, attempting to recover from a two-week low against the US dollar as bargain-hunting emerged at lower levels. The move comes ahead of key economic releases in Europe covering activity in major sectors during November. Despite the uptick, the single European currency is still heading for a...
Euro declines on Ukraine peace talks progress
Euro declines on Ukraine peace talks progress
Nov 24, 2025
The euro fell in European trading on Tuesday against a basket of global currencies, resuming its losses after a brief pause yesterday against the US dollar and moving once again toward a two-week low, as traders continue to favor the greenback as the best available investment. Investors are closely following the latest developments in peace talks underway in Geneva aimed...
Copyright 2023-2026 - www.financetom.com All Rights Reserved