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 >
EUR/USD and USD/JPY – Latest Sentiment Analysis
EUR/USD and USD/JPY – Latest Sentiment Analysis
Aug 16, 2024
EUR/USD and USD/JPY – Latest Sentiment Analysis Recommended by Nick Cawley How to Trade EUR/USD EUR/USD Sentiment Analysis Current positioning: 32.46% of traders are net-longThe ratio of short to long traders is 2.08 to 1Changes in positioning: Net-long traders: Up 9.28% from yesterday, down 17.58% from last weekNet-short traders: Down 10.10% from yesterday, up 15.36% from last weekInterpretation: The analysis...
EUR/USD and GBP/USD
EUR/USD and GBP/USD
Aug 29, 2024
EUR/USD Analysis Current Position: 30.60% of traders are net-long (buying)69.40% of traders are net-short (selling)The ratio of short to long positions is 2.27 to 1Changes in Long Positions: Increased by 20.19% since yesterdayIncreased by 44.60% since last weekChanges in Short Positions: Decreased by 5.87% since yesterdayDecreased by 3.33% since last weekMarket Interpretation: We generally take a contrarian view to crowd...
The EURUSD price forecast update - 24-10-2024
The EURUSD price forecast update - 24-10-2024
Oct 26, 2024
The EURUSD price is testing the bearish channels resistance line that appears on the chart, and as we mentioned this morning, the price needs to hold below 1.0800$ to keep the negative scenario valid for the upcoming period, which its targets begin by breaking 1.0780$ to confirm opening the way to head towards 1.0700$ as a next station, reminding you...
IG Client Sentiment Report: GBP/USD, AUD/USD Reveal a Common Flaw
IG Client Sentiment Report: GBP/USD, AUD/USD Reveal a Common Flaw
Aug 30, 2024
AUD/USD Overview: 37.84% of traders are long, with a short-to-long ratio of 1.64:1Long positions: ↑ 1.20% from yesterday, ↓ 12.53% from last weekShort positions: ↑ 1.79% from yesterday, ↑ 15.53% from last week Recommended by Richard Snow How to Trade AUD/USD Retail traders as a collective tend to be trend fighters, which is not optimal when markets are trending. The...
Copyright 2023-2026 - www.financetom.com All Rights Reserved