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 >
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 places lower high – Forecast today - 21-05-2024
The EURUSD price places lower high – Forecast today - 21-05-2024
May 20, 2024
EURUSD Price Analysis Expected Scenario The EURUSD price crawls downwards, noticing that the price placed lower high recently, which supports the expectations of continuing the domination of the bearish trend in the upcoming sessions, noting that breaking 1.0835$ will provide negative motive that support the expectations of targeting 1.0795$ that represents our next main station. Therefore, the bearish trend scenario...
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...
Euro Technical Analysis: EUR/USD Drifts Lower, EUR/GBP Looks for Support
Euro Technical Analysis: EUR/USD Drifts Lower, EUR/GBP Looks for Support
May 21, 2024
Euro (EUR/USD, EUR/GBP) Technical Analysis Fed speak to dominate today’s scheduled event risks (Williams, Waller)EUR/USD drifts lower in search of a catalystEUR/GBP eyes support ahead of UK CPI printThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education library Fed Speak to Dominate Today’s Scheduled Risk Events...
Copyright 2023-2026 - www.financetom.com All Rights Reserved