financetom
Euro-Dollar
financetom
/
Forex
/
Euro-Dollar
/
The EURUSD price resumes the decline – Forecast today - 28-10-2024
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
The EURUSD price resumes the decline – Forecast today - 28-10-2024
Nov 3, 2024 12:15 PM

The EURUSD price shows more bearish bias to approach 1.0760$ level, to suggest resuming the main bearish trend in the upcoming sessions, noting that breaking this level will push the price towards 1.0700$ followed by 1.0650$ levels as next negative stations.

Therefore, we expect to witness more decline today, supported by the negative pressure formed by the EMA50, noting that the consolidation of 1.0760$ level against the current decline will lead the price to recover again and head to test 1.0865$ initially.

The expected trading range for today is between 1.0700$ support and 1.0850$ 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 -16-09-2025
Evening update for EURUSD -16-09-2025
Sep 16, 2025
The (EURUSD) surged sharply in its last intraday trading, after its succeeded in its early trading for today to breach the critical resistance level at 1.1785, supported by its continuous trading above EMA50, and under the dominance of the bullish trend on the short-term basis and its trading along a trendline, besides the emergence of the positive signals from the...
EURUSD declines after reaching our suggested target -Analysis-18-09-2025
EURUSD declines after reaching our suggested target -Analysis-18-09-2025
Sep 17, 2025
The (EURUSD) declined in its last intraday trading, after facing strong resistance at 1.1900 level, which represents our expected target in our last forecast, this decline considered as an attempt to look for new rising low might form a base for gaining the required bullish momentum to recover its bullish track. The main trend remains supported by positive factors, the...
EURUSD is in truce to catch breath -Analysis-17-09-2025
EURUSD is in truce to catch breath -Analysis-17-09-2025
Sep 16, 2025
The (EURUSD) declined in its last intraday trading, in a natural move to gather the gains of its previous rises, attempting to gain bullish momentum that might reinforce its stability in the upside. The pair attempts to offload the clear overbought conditions on relative strength indicators, especially after it showed negative overlapping signals, adding a healthy technical dimension to its...
Evening update for EURUSD -17-09-2025
Evening update for EURUSD -17-09-2025
Sep 17, 2025
The (EURUSD) rose in its last intraday trading, after it succeeded in its previous trading by offloading its overbought conditions on the relative strength indicators, opening the way for achieving mor of the gains, amid the dominance of the main bullish trend on the short-term basis and its trading alongside supportive main and minor trend lines. VIP Trading Signals Performance...
Copyright 2023-2026 - www.financetom.com All Rights Reserved