financetom
Euro-Dollar
financetom
/
Forex
/
Euro-Dollar
/
Forecast update for EURUSD -29-04-2026.
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Forecast update for EURUSD -29-04-2026.
Apr 29, 2026 5:07 AM

The EURUSD pair declined in its recent intraday trading, preparing to break the key support at 1.1690, amid the emergence of the negative signals from the relative strength indicators, after reaching overbought levels, amid the dominance if bearish corrective wave on the short-term basis, and trading alongside trend line, besides the continuation of the negative pressure due to its trading below EMA50, intensifying the negative pressure on the price.

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 approaches three-week high amid bullish outlook
Euro approaches three-week high amid bullish outlook
May 6, 2024
Euro rose in European trade on Monday against a basket of major rivals, maintaining gains for the fourth straight session against the dollar and approaching three-week highs, as analysts expect more gains above the psychological barrier of $1.08 as concerns about a widening US-Eurozone interest rate gap recede. Recent European developments indicate the ECB will likely avoid a rush towards...
The EURUSD price forecast update - 06-05-2024
The EURUSD price forecast update - 06-05-2024
May 6, 2024
EURUSD Price Analysis The EURUSD price settles at the intraday bullish channels support line. No strong move has been observed since morning. Thus, there is no change to the expected bullish trend scenario for today. The targets begin by breaching 1.0795$ to head towards 1.0875$. Stochastic gains positive momentum to reinforce the chances of resuming the suggested rise. This trend...
The EURUSD price hits the first target – Forecast today - 06-05-2024
The EURUSD price hits the first target – Forecast today - 06-05-2024
May 6, 2024
EURUSD Price Analysis Expected Scenarios The EURUSD price found solid resistance at 1.0795$ level, to show some temporary bearish bias and test the intraday bullish channels support line that appears on the chart, noticing that stochastic attempts to get rid of its negative momentum clearly, waiting to motivate the price to resume the positive trades and breach the mentioned level...
The EURUSD price activates the positive scenario – Forecast today - 03-05-2024
The EURUSD price activates the positive scenario – Forecast today - 03-05-2024
May 2, 2024
EURUSD Price Analysis The EURUSD price confirmed breaching 1.0715$ level after closing the daily candlestick above it. It keeps rising to return to the intraday bullish channel visible on the chart, activating the bullish trend scenario. This action aims to achieve gains, starting with testing the 1.0795$ level, with potential extension to 1.0875$. The EMA50 supports the price from below,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved