financetom
Euro-Dollar
financetom
/
Forex
/
Euro-Dollar
/
The EURUSD price surpasses the first target – Forecast today - 16-05-2024
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
The EURUSD price surpasses the first target – Forecast today - 16-05-2024
May 15, 2024 9:27 PM

EURUSD Price Analysis Expected Scenario The EURUSD price continued to rise yesterday to breach the 1.0875$ level and close the daily candlestick above it, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, opening the way to head towards 1.0975$ that represents our next main target. The bullish channel carries the price to achieve more expected gains on the intraday and short-term basis, noting that breaking 1.0875$ will stop the suggested rise and push the price to turn to decline. Expected Trading Range Between 1.0820$ support and 1.0975$ resistance.

Trend Forecast: Bullish

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 >
Euro expands losses to five-week trough against US dollar
Euro expands losses to five-week trough against US dollar
May 15, 2026
The euro declined in European trading on Friday against a basket of global currencies, extending its losses for a fifth consecutive session against the US dollar and hitting its weakest level in five weeks. The single currency is now on track for its biggest weekly loss since March, as investors continue favoring the US dollar as the best available investment,...
Forecast update for EURUSD -20-05-2026.
Forecast update for EURUSD -20-05-2026.
May 20, 2026
The EURUSD pair continues to stabilize within a series of consecutive losses during its recent intraday trading, remaining anchored around the current support level at 1.1590 in preparation for a possible breakdown. The short-term corrective bearish trend remains dominant, with price movements aligned alongside a steep minor downward trendline supporting this bearish path. Negative pressure continues due to the pair...
Forecast update for EURUSD -18-05-2026.
Forecast update for EURUSD -18-05-2026.
May 18, 2026
The EURUSD pair edged higher cautiously during its latest intraday trading, as the pair attempts to recover part of its previous losses and ease its oversold conditions shown by the relative strength indicators. However, those indicators entered overbought territory compared to the pairs movement, signaling a rapid loss of this positive momentum. This comes while the short-term corrective bearish trend...
Forecast update for EURUSD -21-05-2026.
Forecast update for EURUSD -21-05-2026.
May 21, 2026
The EURUSD pair experienced strong volatility during its recent intraday trading, touching the 1.1590 support level, which was our expected target in the morning forecast, providing positive momentum that helped it rebound quickly higher, before pulling back again under continued negative pressure from trading below the EMA50, alongside the emergence of a negative crossover on the relative strength indicators after...
Copyright 2023-2026 - www.financetom.com All Rights Reserved