financetom
Euro-Dollar
financetom
/
Forex
/
Euro-Dollar
/
The EURUSD price attempts negatively – Forecast today - 12-04-2024
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
The EURUSD price attempts negatively – Forecast today - 12-04-2024
Apr 12, 2024 12:27 AM

EURUSD Pair Analysis Expected Scenario The EURUSD pair tested the 1.0700$ barrier in the previous sessions and found solid support there, leading to temporary sideways trades. It's worth noting that the stochastic indicator is beginning to lose positive momentum, indicating a potential motivation for the price to continue its decline towards our expected target at 1.0645$.

Therefore, we continue to suggest a bearish trend for the upcoming period, supported by the EMA50. It's important to hold below 1.0765$ to maintain the expected negative scenario.

The expected trading range for today is between 1.0630$ support and 1.0790$ 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 is breaching the upper boundary of a positive technical- Analysis-20-03-2026
EURUSD price is breaching the upper boundary of a positive technical- Analysis-20-03-2026
Mar 20, 2026
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...
EURUSD price is facing strong resistance despite recent gains - Analysis-18-03-2026
EURUSD price is facing strong resistance despite recent gains - Analysis-18-03-2026
Mar 17, 2026
The EURUSD pair is holding onto strong gains during its latest intraday trading, supported by incoming positive signals from the relative strength indicators. However, the indicator has reached high overbought levels, which may signal a rapid decline in positive momentum. At the same time, the pair is encountering a strong resistance zone, represented by its contact with the EMA50, along...
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...
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...
Copyright 2023-2026 - www.financetom.com All Rights Reserved