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 >
Evening update for EURUSD -24-10-2025
Evening update for EURUSD -24-10-2025
Oct 24, 2025
The (EURUSD) settled high in its last intraday trading, testing the critical resistance level at 1.1630, accompanied by hitting the resistance of the EMA50, amid the dominance of the main bearish trend and its trading alongside trendline, with the emergence of the negative signals on the relative strength indicators, after reaching overbought levels. VIP Trading Signals Performance by BestTradingSignal.com (13-17...
Forecast update for EURUSD -27-10-2025.
Forecast update for EURUSD -27-10-2025.
Oct 27, 2025
The price of (EURUSD) rose in its last intraday trading, amid its attempts to breach the key resistance at 1.1630, accompanied with its attempts to surpass he negative pressure of the EMA50, increasing the importance of this level, taking advantage of the dominance of the bullish corrective trend on the short-term basis and its trading alongside trendline, with the emergence...
Evening update for EURUSD -22-10-2025
Evening update for EURUSD -22-10-2025
Oct 22, 2025
The (EURUSD) rose in its last intraday trading, due to the stability of the support level at 1.1580, gaining some of the bullish momentum, attempting to recover some previous losses, attempting to offload its oversold conditions on the relative strength indicators, especially with the emergence of the positive signals, amid the continuation of the negative pressure that comes from its...
Euro under pressure due to trade tensions
Euro under pressure due to trade tensions
Oct 22, 2025
The euro fell in European trading on Thursday against a basket of global currencies, resuming losses that had paused temporarily on Wednesday against the US dollar, and moving close to a two-week low amid renewed trade tensions between the United States and China tensions expected to weigh on global trade and economic growth. With inflationary pressures resurfacing for European Central...
Copyright 2023-2026 - www.financetom.com All Rights Reserved