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-23-06-2026
Evening update for EURUSD-23-06-2026
Jun 23, 2026
The EURUSD pair kept declining in its recent intraday levels, breaking 1.1390 support, which represents our last targets, amid the dominance of the main bearish trend on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, despite the stability of the relative strength indicators in oversold levels, in a clear signals for the...
Euro extends losses to a one-year low against the US dollar
Euro extends losses to a one-year low against the US dollar
Jun 24, 2026
The euro fell in European trading on Wednesday against a basket of global currencies, extending its losses for a third consecutive session against the US dollar and hitting its lowest level in a year, as investors continued to favor the greenback as the most attractive currency and alternative investment in the foreign exchange market. With global oil prices declining, inflationary...
Forecast update for EURUSD -23-06-2026.
Forecast update for EURUSD -23-06-2026.
Jun 23, 2026
The EURUSD pair extended its losses during its latest intraday trading, confirming a break below the 1.1430 support level. The pair remains under pressure from the prevailing short-term bearish trend, with negative momentum continuing as prices trade below EMA50, despite the relative strength indicators remaining deeply oversold, a condition that has so far failed to trigger any meaningful rebound, highlighting...
Evening update for EURUSD-22-06-2026
Evening update for EURUSD-22-06-2026
Jun 22, 2026
The EURUSD pair remains under pressure in recent intraday trading, reaching the 1.1430 support level, which had been identified as a downside target in our previous analyses. The pair is now preparing to break below this support amid growing negative signals from the relative strength indicators, with the continuation of the bearish pressure from trading below EMA50, with the dominance...
Copyright 2023-2026 - www.financetom.com All Rights Reserved