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 >
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...
The EURUSD price loses momentum – Forecast today - 24-10-2024
The EURUSD price loses momentum – Forecast today - 24-10-2024
Oct 26, 2024
The EURUSD price touched 1.0780$ level and found solid support there, to show some slight bullish bias, affected by stochastic positivity that loses its positive momentum clearly, which supports the chances of resuming the negative trades in the upcoming sessions, as it moves within bearish channel that has negative targets that extend to 1.0700$ followed by 1.0670$. Therefore, we expect...
The EURUSD price forecast update - 22-10-2024
The EURUSD price forecast update - 22-10-2024
Oct 26, 2024
The EURUSD price shows some slight bullish bias now, affected by stochastic positivity, but as long as the price is below 1.0880$, our bearish overview will remain valid for today, supported by the negative pressure formed by the EMA50, reminding you that our targets begin at 1.0780$ and extend to 1.0700$ after breaking the previous level. The expected trading range...
The EURUSD price approaches the target – Forecast today - 23-10-2024
The EURUSD price approaches the target – Forecast today - 23-10-2024
Oct 26, 2024
The EURUSD price resumed its negative trading to approach our waited target at 1.0780$, reinforcing the expectations of continuing the domination of the bearish trend, reminding you that breaking this level will push the price towards 1.0700$ as a next negative station. The EMA50 keeps supporting the suggested bearish wave, reminding you that breaching 1.0880$ will stop the negative scenario...
Copyright 2023-2024 - www.financetom.com All Rights Reserved