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 moves in a positive zone before US jobs data
Euro moves in a positive zone before US jobs data
Sep 5, 2025
The euro rose in the European market on Friday against a basket of global currencies, moving into positive territory versus the US dollar, supported by the weaker performance of the greenback in the foreign exchange market, ahead of the release of US monthly jobs data. Consumer price data released this week highlighted persistent inflationary pressures on European Central Bank policymakers,...
Evening update for EURUSD -03-09-2025
Evening update for EURUSD -03-09-2025
Sep 3, 2025
The (EURUSD) rose in its last intraday trading, supported by the emergence of the positive signals on the (RSI), after reaching oversold levels, surpassing the resistance of EMA50, in a significant step for getting rid of the negative pressure, to notice the (RSI) reach overbought levels, which indicate ending the bullish momentum on the near-term basis. VIP Trading Signals Performance...
EURUSD reaches solid resistance -Analysis-04-09-2025
EURUSD reaches solid resistance -Analysis-04-09-2025
Sep 3, 2025
The (EURUSD) witnessed fluctuated moves in its last intraday trading, after its success in offloading the clear oversold conditions on the (RSI), retesting the resistance at 1,1660 level. Accompanied by the pairs reach to the resistance of EMA50, which has put negative pressure in the price that forced it to decline again, especially with the emergence of negative overlapping signals...
Evening update for EURUSD -04-09-2025
Evening update for EURUSD -04-09-2025
Sep 4, 2025
The (EURUSD) declined in its last intraday trading, amid the continuation of the negative pressure that comes from its trading below EMA50, which formed a dynamic resistance that prevented its recovery in its last trading, with the emergence of the negative signals on the (RSI), after reaching overbought levels. VIP Trading Signals Performance by BestTradingSignal.com(August 2529, 2025) Get high-accuracy trading...
Copyright 2023-2026 - www.financetom.com All Rights Reserved