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 >
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...
Euro under pressure on peace talks outlook
Euro under pressure on peace talks outlook
May 22, 2026
The euro declined in European trading on Friday against a basket of global currencies, extending its losses for a second consecutive session against the US dollar and trading near six-week lows, as investors continued favoring the US currency as the preferred alternative safe-haven investment while awaiting further developments in peace talks between the United States and Iran. This week saw...
Forecast update for EURUSD -22-05-2026.
Forecast update for EURUSD -22-05-2026.
May 22, 2026
The EURUSD pair declined during its recent intraday trading, preparing to break the key support at 1.1590 amid the dominance of the bearish corrective trend on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, which intensifies the negative pressure on the price, especially with the emergence of the negative signals from...
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...
Copyright 2023-2026 - www.financetom.com All Rights Reserved