financetom
Euro-Dollar
financetom
/
Forex
/
Euro-Dollar
/
The EURUSD price loses momentum – Forecast today - 08-04-2024
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
The EURUSD price loses momentum – Forecast today - 08-04-2024
Apr 8, 2024 12:25 AM

EURUSD Price Analysis Expected Scenario The EURUSD price returns to test the key resistance 1.084$ after the clear decline that it witnessed in the previous sessions, noticing that stochastic loses the positive momentum clearly, approaching the overbought areas, waiting to motivate the price to resume the expected bearish trend on the intraday basis, which targets testing 1.0765$ as a next station. Therefore, we will continue to suggest the bearish trend for the upcoming period, and breaking the mentioned level will extend the bearish wave to reach 1.0645$ areas on the near-term basis, while holding below 1.0860$ represents major condition to achieve the waited targets. Expected Outcome The EURUSD price is expected to continue its bearish trend, with a potential target of 1.0765$. Breaking below this level could extend the bearish momentum towards 1.0645$ areas in the near-term, provided that the price remains below 1.0860$.

Expected Trading Range Between 1.0750$ support and 1.0900$ resistance.

Trend Forecast: Bearish

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 >
Markets Q2 Outlook: Gold, Stocks, Bitcoin, US Dollar, Euro, Pound, Yen. What’s Ahead?
Markets Q2 Outlook: Gold, Stocks, Bitcoin, US Dollar, Euro, Pound, Yen. What’s Ahead?
Mar 31, 2024
Most Read: Euro Outlook - Market Sentiment Signals for EUR/USD, EUR/GBP, EUR/JPY The first quarter of 2024 wrote a chapter in market history. Relentless AI hype propelled tech-heavy indices to dizzying new heights, with giants like Nvidia, Alphabet, and Microsoft riding the wave of investor euphoria. Additionally, expectations regarding Federal Reserve’s monetary policy outlook buoyed risk assets. Although the Fed...
The EURUSD price confirms the break – Forecast today - 02-04-2024
The EURUSD price confirms the break – Forecast today - 02-04-2024
Apr 1, 2024
Market Analysis for EURUSD Price The EURUSD price confirmed breaking the 1.0765$ level after closing the daily candlestick below it, supporting the continuation of the expected bearish trend on the intraday basis, affected by the previously completed double top pattern. The Exponential Moving Average (EMA) 50 continues to support the suggested bearish wave. However, breaching 1.0765$ will halt the expected...
The EURUSD price approaches the target – Forecast today - 29-03-2024
The EURUSD price approaches the target – Forecast today - 29-03-2024
Mar 28, 2024
EURUSD Price Analysis Expected Scenario: Bearish Trend The EURUSD price continues its calm decline, approaching the $1.0765 level. This maintains the bearish trend active for the upcoming period. Breaking the $1.0765 level will extend the bearish wave towards $1.0645 as the next target. The bearish wave is based on the completion of the double top pattern observed on the chart....
The EURUSD price needs strong negative motive – Forecast today - 28-03-2024
The EURUSD price needs strong negative motive – Forecast today - 28-03-2024
Mar 28, 2024
EURUSD Price Analysis Bearish Scenario The EURUSD price fluctuates with slight negativity. Attempts to move away from the broken neckline of the double top pattern. Falling under negative pressure formed by the EMA50. Supports the continuation of the expected bearish trend on the intraday basis. Targets begin by testing 1.0765$ level. Continue to suggest the bearish trend on the intraday...
Copyright 2023-2026 - www.financetom.com All Rights Reserved