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 >
EURUSD price is showing modest positive signals that are limiting its decline- Analysis-06-02-2026
EURUSD price is showing modest positive signals that are limiting its decline- Analysis-06-02-2026
Mar 11, 2026
The (EURUSD) price is experiencing fluctuating trading in its last intraday trading, amid its stability below 1.1800 resistance, indicating the continuation of the selling pressures on the price, this weak performance with the trading below EMA50, which represents a dynamic resistance that limits any strong rebound, accompanied by the dominance of bearish corrective wave on short-term basis. Accompanied by the...
EURUSD price is rising after reaching our expected target- Analysis-03-02-2026
EURUSD price is rising after reaching our expected target- Analysis-03-02-2026
Mar 11, 2026
The (EURUSD) price rose in its last intraday trading after the stability of 1.1800 support, which represented a target in our previous analysis, gaining bullish momentum to recover some of its last losses, this rebound comes amid the attempts to offload its clear oversold conditions on relative strength indicators, especially with the emergence of positive overlapping signals. This comes amid...
EURUSD price is losing its bullish momentum and threatening further decline- Analysis-17-02-2026
EURUSD price is losing its bullish momentum and threatening further decline- Analysis-17-02-2026
Mar 11, 2026
The (EURUSD) price declined in its last intraday trading, amid the emergence of negative signals from relative strength indicators, which pushed it to surpass EMA50s support, accompanied by surpassing main bullish trend line on short-term basis, as a technical signal has clear negative implications. This improvement makes the price face more selling pressures in the upcoming period, especially when confirming...
Forecast update for EURUSD -30-01-2026.
Forecast update for EURUSD -30-01-2026.
Mar 11, 2026
The price of EURUSD rose in its last intraday trading, due to the stability of 1.1900 support, gaining bullish momentum that helped it to achieve these gains, amid the dominance of the main bullish trend on short-term basis, with the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the chances of extending its gains...
Copyright 2023-2026 - www.financetom.com All Rights Reserved