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 >
EURUSD attempts to offload its overbought condition -Analysis-29-08-2025
EURUSD attempts to offload its overbought condition -Analysis-29-08-2025
Aug 28, 2025
The (EURUSD) declined in its last intraday trading, in a natural profit taking move after its previous rise, attempting to gain bullish momentum that might support it to return to rise again, accompanied by the attempts of the price to offload the clear overbought conditions on the (RSI), after reaching exaggerated high levels. Despite this slight decline, the price remains...
Evening update for EURUSD -28-08-2025
Evening update for EURUSD -28-08-2025
Aug 28, 2025
The (EURUSD) extended its gains in its last intraday trading, to confirm breaching its current resistance at 1.1665, supported by its continuous trading above EMA50, and under the dominance of minor bullish wave on the short-term basis, despite the emergence of negative overlapping signals on the (RSI), after reaching overbought levels, indicating the strength of the bullish momentum. VIP Trading...
Evening update for EURUSD -27-08-2025
Evening update for EURUSD -27-08-2025
Aug 27, 2025
The (EURUSD) settled low in its last intraday trading, amid the continuation of the negative pressure that comes from its trading below EMA50 and breaking a minor bearish bias line on the short-term basis, which intensified the bearish momentum, amid the emergence of the negative signals on the (RSI). VIP Trading Signals Performance by BestTradingSignal.com (August 1822, 2025) BestTradingSignal.com Professional...
EURUSD erases last weekend’s gains -Analysis-28-08-2025
EURUSD erases last weekend’s gains -Analysis-28-08-2025
Aug 27, 2025
The (EURUSD) rose strongly in its last intraday trading, due to the stability of the critical support at 1.1590, supported by the emergence of the positive signals on the (RSI), that pushed it to recover big part of its previous losses, however these indicators reached overbought levels, indicating that the bullish momentum might disappear. The price reached the resistance of...
Copyright 2023-2026 - www.financetom.com All Rights Reserved