financetom
Euro-Dollar
financetom
/
Forex
/
Euro-Dollar
/
The EURUSD price activates the negative pattern – Forecast today - 01-05-2024
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
The EURUSD price activates the negative pattern – Forecast today - 01-05-2024
May 1, 2024 12:35 AM

EURUSD Price Analysis Expected Scenario The EURUSD price confirmed breaking the bearish flag patterns support line to activate the negative effect of this pattern and get negative motive that supports the expectations to decline in the upcoming sessions, and the way is open to achieve our waited target at 1.0615$, noting that breaking this level will extend the bearish wave to reach 1.0520$ as a next station. Therefore, we will continue to suggest the bearish trend on the intraday basis, supported by the negative pressure formed by the EMA50, taking into consideration that breaching 1.0715$ will stop the expected decline and lead the price to start new recovery attempts. Expected Trading Range Between 1.0570$ support and 1.0720$ 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 >
EURUSD price prepares to attack a key resistance - Analysis-25-03-2026
EURUSD price prepares to attack a key resistance - Analysis-25-03-2026
Mar 24, 2026
The EURUSD price rose during its latest intraday trading, preparing to test the key resistance level at 1.1635, which represents a crucial level that could determine the pairs direction in the near term. This upward move is supported by positive signals from the relative strength indicators, besides trading above EMA50, which reinforces the stability of the corrective bullish wave dominating...
EURUSD price is looking for a higher low - Analysis-26-03-2026
EURUSD price is looking for a higher low - Analysis-26-03-2026
Mar 25, 2026
The EURUSD pair continued its decline during its latest intraday trading, attempting to find a higher low that could serve as a base to build the positive momentum needed to regain recovery. Despite this decline, the pair is still benefiting from dynamic support as it trades above EMA50, which enhances the chances of a near-term rebound, especially with a short-term...
EURUSD price shows positive signals supporting its rise - Analysis-23-03-2026
EURUSD price shows positive signals supporting its rise - Analysis-23-03-2026
Mar 22, 2026
The EURUSD pair recorded a slight increase in its recent intraday trading, supported by the dominance of a short-term upward corrective wave, as it moves along a supportive trendline for this movement. The pair is also benefiting from dynamic support as it trades above EMA50, which enhances the chances of continuing the recovery in the near term. This comes after...
Forecast update for EURUSD -23-03-2026.
Forecast update for EURUSD -23-03-2026.
Mar 23, 2026
The price of EURUSD slipped lower during its last intraday trading, amid the emergence of the negative signals from the relative strength indicators, breaking the 1.1530 support level, to turn its path downside, especially with surpassing EMA50, which intensifies the negative pressure amid the main bearish trend on short-term basis, increasing the possibilities for extending its losses in the upcoming...
Copyright 2023-2026 - www.financetom.com All Rights Reserved