financetom
Euro-Dollar
financetom
/
Forex
/
Euro-Dollar
/
The EURUSD price places lower high – Forecast today - 21-05-2024
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
The EURUSD price places lower high – Forecast today - 21-05-2024
May 20, 2024 9:35 PM

EURUSD Price Analysis Expected Scenario The EURUSD price crawls downwards, noticing that the price placed lower high recently, which supports the expectations of continuing the domination of the bearish trend in the upcoming sessions, noting that breaking 1.0835$ will provide negative motive that support the expectations of targeting 1.0795$ that represents our next main station. Therefore, the bearish trend scenario will remain active, and breaking the targeted level will extend the bearish wave to reach 1.0715$ as a next target, while breaching 1.0876$ will stop the expected decline and lead the price to resume the bullish track within the bullish channel that appears on the chart. Expected Trading Range Between 1.0770$ support and 1.0910$ 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 >
The EURUSD price approaches the first target – Forecast today - 24-05-2024
The EURUSD price approaches the first target – Forecast today - 24-05-2024
May 23, 2024
Price Analysis for EURUSD Expected Scenario The EURUSD price keeps declining to reach the thresholds of the first waited target at 1.0795$, and we believe that the way is open to break this level and open the way to head towards 1.0714$ as a next negative station, as the price is affected by the previously completed double top pattern, which...
The EURUSD price breaks the channel’s support line – Forecast today - 23-05-2024
The EURUSD price breaks the channel’s support line – Forecast today - 23-05-2024
May 22, 2024
EURUSD Price Analysis Expected Scenario The EURUSD price confirmed breaking the bullish channels support line after ending yesterday below it, and by taking a deeper look at the chart, we find that the price completed forming double top pattern that has negative targets that surpass 1.0795$ to open the way to achieve additional decline that might reach 1.0714$ areas. Therefore,...
US Dollar Technical Outlook: EUR/USD, GBP/USD, NZD/USD Price Setups
US Dollar Technical Outlook: EUR/USD, GBP/USD, NZD/USD Price Setups
May 23, 2024
US Dollar Technical Analysis EUR/USD surrendered last week’s gains as policy divergence extendsGBP/USD holds firm despite hawkish FOMC minutesNZD/USD buoyed by hawkish RBNZ statementThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education library Recommended by Richard Snow The Fundamentals of Trend Trading EUR/USD Surrendered Last Week’s...
Euro Price Outlook: Euro Heads Lower as ECB June Meeting Nears
Euro Price Outlook: Euro Heads Lower as ECB June Meeting Nears
May 22, 2024
Euro (EUR/USD, EUR/GBP) Analysis ECB’s Lagarde “really confident” euro zone inflation is under controlEUR/USD succumbs to the grind lower during the quieter weekEUR/GBP sinks after hot UK CPI data unravels prior UK rate cut betsEUR/USD is one of the most liquid currency pairs in the world, offering short-term trades with a cost effective and convenient market to trade. Discover the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved