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 >
The EURUSD price under the negative pressure – Forecast today - 30-04-2024
The EURUSD price under the negative pressure – Forecast today - 30-04-2024
Apr 30, 2024
EURUSD Price Analysis The EURUSD price faces negative pressure to break the 1.0715$ level and attempts to hold below it. The recent trades are confined within a minor bullish channel that we believe forms a bearish flag pattern. Breaking 1.0695$ will activate the negative effect of this pattern and push the price to resume the main bearish trend, opening the...
The EURUSD price forecast update - 01-05-2024
The EURUSD price forecast update - 01-05-2024
May 1, 2024
EURUSD Price Analysis: Expected Scenarios The EURUSD price shows some slight bullish bias now, affected by stochastic positivity, but as long as the price is below 1.0715$, our bearish overview will remain valid for today, supported by the EMA50, reminding you that our next target is located at 1.0615$, which breaking it represents the key to rally towards 1.0520$ as...
The EURUSD price shows mixed trades – Forecast today - 29-04-2024
The EURUSD price shows mixed trades – Forecast today - 29-04-2024
Apr 29, 2024
EURUSD Price Analysis The EURUSD price ended last Friday below 1.0715$ level, but we notice that the EMA50 formed good support to stop the decline and push the price to start recovery attempts by todays open, accompanied by witnessing positive overlapping signal through stochastic now. Therefore, we believe that the chances valid to rise in the upcoming sessions, and the...
The EURUSD price activates the negative pattern – Forecast today - 01-05-2024
The EURUSD price activates the negative pattern – Forecast today - 01-05-2024
May 1, 2024
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...
Copyright 2023-2025 - www.financetom.com All Rights Reserved