financetom
Euro-Dollar
financetom
/
Forex
/
Euro-Dollar
/
The EURUSD price awaits more decline – Forecast today - 21-06-2024
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
The EURUSD price awaits more decline – Forecast today - 21-06-2024
Jun 20, 2024 9:49 PM

EURUSD Price Analysis Expected Scenario The EURUSD price ended yesterday below 1.0720$ level, and the EMA50 keeps pressing negatively on the price, waiting for the continuation of the decline to achieve our negative targets that start at 1.0675$ and extend to 1.0600$. Stochastic current positivity might cause some temporary bullish bias before resuming the expected bearish trend, which will remain valid unless the price rallied to breach 1.0795$ and hold above it. Expected Trading Range Between 1.0640$ 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 forecast update - 13-05-2024
The EURUSD price forecast update - 13-05-2024
May 13, 2024
EURUSD Expected Scenario The EURUSD price trades positively now to approach testing the key resistance 1.0795$, affected by stochastic positivity, and as we mentioned this morning, the price needs to hold below this level to keep the bearish trend active for today, as breaching it will push the price to achieve additional gains that reach 1.0875$, while the expected targets...
The EURUSD price attempts negatively – Forecast today - 13-05-2024
The EURUSD price attempts negatively – Forecast today - 13-05-2024
May 13, 2024
EURUSD Price Analysis Expected Scenario The EURUSD price shows some bearish bias after the rise that it witnessed in the previous sessions, to attempt to resume the expected bearish wave on the intraday basis, which targets testing 1.0715$ initially, reminding you that breaking this level will push the price towards 1.0615$ as a next negative target. Therefore, we will continue...
The EURUSD price tests the resistance – Forecast today - 14-05-2024
The EURUSD price tests the resistance – Forecast today - 14-05-2024
May 13, 2024
EURUSD Price Analysis Expected Scenario The EURUSD price tested the 1.0795$ level and kept its stability below it, noticing that stochastic begins to overlap negatively now, waiting to motivate the price to resume the expected bearish trend on the intraday basis, which targets 1.0715$ followed by 1.0615$ levels as next main stations. Holding below 1.0795$ is important to the continuation...
The EURUSD price forecast update - 10-05-2024
The EURUSD price forecast update - 10-05-2024
May 10, 2024
Expected Trading Scenarios The EURUSD price fluctuates within tight range since morning, settling below 1.0795$. Stochastic keeps providing the negative signals. No change to the expected bearish trend for today. The trend depends on the price stability below the mentioned level. Our expected targets begin at 1.0715$ and extend to 1.0615$. Expected Trading Range Support: 1.0690$ Resistance: 1.0850$ Trend Forecast:...
Copyright 2023-2025 - www.financetom.com All Rights Reserved