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 >
Evening update for EURUSD -12-08-2025
Evening update for EURUSD -12-08-2025
Aug 12, 2025
The (EURUSD) rose in its last intraday trading, due to the stability of the critical support at 1.1610, gaining positive momentum that helped it to achieve these gains, recovering yesterdays losses, amid the dominance of a bullish correctional wave on the short-term basis and its trading above EMA50, besides the emergence of the positive signals on the (RSI). BestTradingSignal.com Professional...
Forecast update for EURUSD -08-08-2025
Forecast update for EURUSD -08-08-2025
Aug 8, 2025
The price of (EURUSD) rose in its last intraday trading, amid its continued attempts to gain positive momentum that might assist its recovery and breaching the stubborn resistance at 1.1670, this resistance prevents the recovery in the intraday levels, amid the dominance of minor bullish wave on the short-term basis, with the beginning of the positive signals on the (RSI),...
Forecast update for EURUSD -07-08-2025
Forecast update for EURUSD -07-08-2025
Aug 7, 2025
The price of (EURUSD) declined in its last intraday trading, affected by the stability of the current resistance at 1.1670, gathering the gains of its previous rises, attempting to offload some of its clear overbought conditions on the (RSI), especially with the emergence of the negative signals from there, gathering its positive strength that might assist it to breach this...
Evening update for EURUSD -11-08-2025
Evening update for EURUSD -11-08-2025
Aug 11, 2025
The (EURUSD) kept declining on its last intraday trading, amid the emergence of the negative signals on the (RSI), to break the support level at 1.1610, this support represents negative technical formation on the short-term basis, represented by the double top pattern, confirming its momentum to continue the correctional decline temporarily, the positive support that comes from its trading above...
Copyright 2023-2026 - www.financetom.com All Rights Reserved