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 >
Euro gives up two-week high on US-Iran negotiations outlook
Euro gives up two-week high on US-Iran negotiations outlook
Jun 1, 2026
The euro weakened in European trading on Monday against a basket of global currencies, pulling back from a two-week high against the US dollar and heading toward its first loss in three sessions, as profit-taking and corrective selling emerged amid a cautious mood across global markets ahead of developments in ongoing peace negotiations between the United States and Iran. Following...
Forecast update for EURUSD -02-06-2026.
Forecast update for EURUSD -02-06-2026.
Jun 2, 2026
The EURUSD pair keeps its previous gains, taking advantage of the dynamic support that is represented by its trading above EMA50, which provides support base that might help it to extend these gains, especially with its trading within minor bullish channels range that limits its pervious trading on the short-term basis, with the emergence of the positive signals from the...
Forecast update for EURUSD -01-06-2026.
Forecast update for EURUSD -01-06-2026.
Jun 1, 2026
The EURUSD pair is fluctuating in its recent intraday trading, amid the continuation of the stubborn resistance stability at 1.1660, attempting to gain bullish momentum that might help it breach this resistance, and it offloaded its overbought conditions on the relative strength indicators, opening the way for achieving new gains in the upcoming near period, especially with the continuation of...
Forecast update for EURUSD -28-05-2026.
Forecast update for EURUSD -28-05-2026.
May 28, 2026
The EURUSD pair rose during its recent intraday trading, due to the stability of the key support level at 1.1590, gaining some bullish momentum that helped it recover some previous losses, attempting to offload some of its clear oversold conditions on the relative strength indicators, especially with the emergence of the positive signals from them, amid the dominance of the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved