financetom
Euro-Dollar
financetom
/
Forex
/
Euro-Dollar
/
EURUSD price is breaching the upper boundary of a positive technical- Analysis-20-03-2026
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
EURUSD price is breaching the upper boundary of a positive technical- Analysis-20-03-2026
Mar 20, 2026 12:36 AM

The EURUSD declined slightly during its latest intraday trading, in a corrective move to take profits from previous gains, in attempt to gain positive momentum that might support resuming the rise, attempting to offload some of the overbought conditions on the relative strength indicators, especially with the emergence of negative overlapping signals, despite breaching the top level of the positive technical formation on the short-term basis that is represented by the bearish wedge pattern.

This coincides with continued dynamic support as the pair trades above its EMA50, reinforcing the chances of maintaining positive momentum and extending gains in the upcoming period.

Based on the above, we suggest a rise in EURUSDs price upcoming intraday trading, especially if it remains stable above the 1.1530 support level, targeting the key resistance level at 1.1655.

The expected trading range is between 1.1520 support and 1.1655 resistance.

Today's forecast: Bullish

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 >
EUR/USD and GBP/USD
EUR/USD and GBP/USD
Aug 29, 2024
EUR/USD Analysis Current Position: 30.60% of traders are net-long (buying)69.40% of traders are net-short (selling)The ratio of short to long positions is 2.27 to 1Changes in Long Positions: Increased by 20.19% since yesterdayIncreased by 44.60% since last weekChanges in Short Positions: Decreased by 5.87% since yesterdayDecreased by 3.33% since last weekMarket Interpretation: We generally take a contrarian view to crowd...
IG Client Sentiment Report: GBP/USD, AUD/USD Reveal a Common Flaw
IG Client Sentiment Report: GBP/USD, AUD/USD Reveal a Common Flaw
Aug 30, 2024
AUD/USD Overview: 37.84% of traders are long, with a short-to-long ratio of 1.64:1Long positions: ↑ 1.20% from yesterday, ↓ 12.53% from last weekShort positions: ↑ 1.79% from yesterday, ↑ 15.53% from last week Recommended by Richard Snow How to Trade AUD/USD Retail traders as a collective tend to be trend fighters, which is not optimal when markets are trending. The...
The EURUSD price forecast update - 24-10-2024
The EURUSD price forecast update - 24-10-2024
Oct 26, 2024
The EURUSD price is testing the bearish channels resistance line that appears on the chart, and as we mentioned this morning, the price needs to hold below 1.0800$ to keep the negative scenario valid for the upcoming period, which its targets begin by breaking 1.0780$ to confirm opening the way to head towards 1.0700$ as a next station, reminding you...
EUR/USD and USD/JPY – Latest Sentiment Analysis
EUR/USD and USD/JPY – Latest Sentiment Analysis
Aug 16, 2024
EUR/USD and USD/JPY – Latest Sentiment Analysis Recommended by Nick Cawley How to Trade EUR/USD EUR/USD Sentiment Analysis Current positioning: 32.46% of traders are net-longThe ratio of short to long traders is 2.08 to 1Changes in positioning: Net-long traders: Up 9.28% from yesterday, down 17.58% from last weekNet-short traders: Down 10.10% from yesterday, up 15.36% from last weekInterpretation: The analysis...
Copyright 2023-2026 - www.financetom.com All Rights Reserved