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 >
The EURUSD price hits the first extended target – Forecast today - 17-06-2024
The EURUSD price hits the first extended target – Forecast today - 17-06-2024
Jun 16, 2024
EURUSD Price Analysis Expected Scenario The EURUSD price finds solid support at the 1.0675$ level, showing some slight bullish bias influenced by stochastic positivity. However, the EMA50 exerts negative pressure, supporting the continuation of the expected bearish trend on the intraday basis, targeting 1.0600$ as the next main station. Therefore, the bearish trend scenario will remain valid for the upcoming...
The EURUSD price forecast update - 14-06-2024
The EURUSD price forecast update - 14-06-2024
Jun 14, 2024
The EURUSD price resumes its negative trading to break 1.0720$ and reach the first extended target at 1.0675$, and we suggest breaking this level to open the way to head towards our next target that reaches 1.0600$. Therefore, we are waiting for more expected decline for the rest of the day unless the price rallied to breach 1.0795$ and holding...
Euro sharpens decline to six-week low on European political risks
Euro sharpens decline to six-week low on European political risks
Jun 14, 2024
Euro fell in European trade on Friday against a basket of major rivals, sharpening losses for the second day against the dollar and giving up $1.07, marking six-week lows and on track for the largest weekly loss since April amid mounting EU political risks. Anti-EU parties won a quarter of seats at the European Parliament in the last elections, up...
The EURUSD price suffers clear losses – Forecast today - 14-06-2024
The EURUSD price suffers clear losses – Forecast today - 14-06-2024
Jun 13, 2024
EURUSD Price Analysis Expected Scenario The EURUSD price ended yesterday with strong negativity, to settle below 1.0760$ level, which leads the price to continue the decline and head towards achieving negative targets that start by breaking 1.0720$ to open the way to head towards 1.0675$ followed by 1.0600$. The EMA50 forms negative pressure against the price to support the continuation...
Copyright 2023-2026 - www.financetom.com All Rights Reserved