financetom
Euro-Dollar
financetom
/
Forex
/
Euro-Dollar
/
The EURUSD price resumes the decline – Forecast today - 27-03-2024
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
The EURUSD price resumes the decline – Forecast today - 27-03-2024
Mar 26, 2024 8:19 PM

EURUSD Price Analysis The EURUSD price shows calm bearish bias to move away gradually from 1.0860$ level, reinforcing the expectations of continuing the bearish trend, which targets 1.0765$ level initially.

The negative pressure formed by the EMA50 supports achieving more decline and surpass the mentioned level to achieve additional negative targets that reach 1.0645$. Therefore, we will continue to suggest the bearish trend for the upcoming period, noting that breaching 1.0860$ will stop the expected decline and lead the price to start recovery attempts that start by visiting 1.0960$ areas.

The expected trading range for today is between 1.0740$ support and 1.0890$ 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 gain a positive momentum -Analysis-17-06-2025
EURUSD attempts to gain a positive momentum -Analysis-17-06-2025
Jun 16, 2025
The (EURUSD) declined in its last intraday trading, to settle below the 1.1550 level, as a signal for the weakness of the bullish momentum after it failed to keep the gains of the previous period, this decline comes within the attempts in offloading the clear overbought conditions on the (RSI), especially with the emergence of negative signals. The trading remains...
Forecast update for EURUSD -16-06-2025
Forecast update for EURUSD -16-06-2025
Jun 16, 2025
The price of (EURUSD) settled on a rise in its recent intraday levels, to settle again above the critical resistance level a t1.1550, supported by the emergence of the positive signals on the (RSI), despite reaching overbought levels, amid the dominance of the main bullish trend and its trading alongside a bias line, with the continuation of the positive support...
Evening update for EURUSD -16-06-2025
Evening update for EURUSD -16-06-2025
Jun 16, 2025
The (EURUSD) declined in its last trading on the intraday trading, to gather the gains of its last rises, attempting to offload some of its clear overbought conditions on the (RSI), especially, with the beginning of negative overlapping signals on them, gathering its positive strength that might assist it to recover and rise again, amid the dominance of the main...
Forecast update for EURUSD -18-06-2025
Forecast update for EURUSD -18-06-2025
Jun 18, 2025
The price of (EURUSD) settled with slight gains in its recent intraday levels, taking advantage of the positive momentum that was gained after its lean on the support of its EMA50, accompanied with the beginning of the positive signals on the (RSI), after reaching oversold levels, amid the dominance of the main bullish trend on the short-term basis and its...
Copyright 2023-2026 - www.financetom.com All Rights Reserved