financetom
Euro-Dollar
financetom
/
Forex
/
Euro-Dollar
/
The EURUSD price tests the resistance – Forecast today - 24-04-2024
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
The EURUSD price tests the resistance – Forecast today - 24-04-2024
Apr 24, 2024 12:32 AM

EURUSD Price Analysis EURUSD Scenario: The EURUSD price keeps rising to test the key resistance 1.0715$ now, which represents the neckline of the double top pattern that its signs appear on the chart, accompanied by stochastic loss for more positive momentum and witnessing clear overbought signals, which forms negative motive that we are waiting to push the price to decline again. Therefore, the bearish trend scenario will remain active for the upcoming period, which its targets begin by testing 1.0615$ level, noting that breaching 1.0715$ will stop the expected decline and lead the price to attempt to regain the main bullish trend again, to head towards visiting 1.0795$ initially. Trading Range: The expected trading range for today is between 1.0620$ support and 1.0770$ 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 >
Euro Price Outlook: Euro Heads Lower as ECB June Meeting Nears
Euro Price Outlook: Euro Heads Lower as ECB June Meeting Nears
May 22, 2024
Euro (EUR/USD, EUR/GBP) Analysis ECB’s Lagarde “really confident” euro zone inflation is under controlEUR/USD succumbs to the grind lower during the quieter weekEUR/GBP sinks after hot UK CPI data unravels prior UK rate cut betsEUR/USD is one of the most liquid currency pairs in the world, offering short-term trades with a cost effective and convenient market to trade. Discover the...
Dow Drops Back While Nasdaq 100 hits new High, and Russell 2000 Pushes Towards April High
Dow Drops Back While Nasdaq 100 hits new High, and Russell 2000 Pushes Towards April High
May 21, 2024
Major Indices Updates: Dow struggles to hold above 40,000Nasdaq 100 hits new recordRussel 2000 still below April high Recommended by Chris Beauchamp How to Trade FX with Your Stock Trading Strategy Dow struggles to hold above 40,000 The index briefly touched a new record high on Monday, but then fell back. After the strong move higher from late April, some...
The EURUSD price declines calmly – Forecast today - 22-05-2024
The EURUSD price declines calmly – Forecast today - 22-05-2024
May 21, 2024
EURUSD Price Analysis Expected Scenario The EURUSD price showed slight negative trades yesterday and is beginning with calm positivity today, influenced by stochastic positivity. The intraday bearish trend scenario remains valid, with the price expected to stay below $1.0876. We anticipate a visit to $1.0795 as the next main target. Breaking above $1.0876 and holding above it will halt the...
The EURUSD price breaks the channel’s support line – Forecast today - 23-05-2024
The EURUSD price breaks the channel’s support line – Forecast today - 23-05-2024
May 22, 2024
EURUSD Price Analysis Expected Scenario The EURUSD price confirmed breaking the bullish channels support line after ending yesterday below it, and by taking a deeper look at the chart, we find that the price completed forming double top pattern that has negative targets that surpass 1.0795$ to open the way to achieve additional decline that might reach 1.0714$ areas. Therefore,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved