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 >
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