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 >
End of day Ethereum price (ETHUSD) forecast update - 17-04-2024
End of day Ethereum price (ETHUSD) forecast update - 17-04-2024
Apr 18, 2024
Ethereum price (ETHUSD) trades with clear negativity to reach our waited target at 2905.30$, noting that breaking this level will extend the bearish wave to reach 2800.00$ areas as a next negative station, noting that breaching 3132.80$ will stop the bearish trend and lea the price to attempt to regain the main bullihs trend again. ...
The EURUSD price confirms the break – Forecast today - 16-04-2024
The EURUSD price confirms the break – Forecast today - 16-04-2024
Apr 16, 2024
EURUSD Price Analysis The EURUSD price ended yesterday below the 1.0645$ level, confirming the break and indicating further decline on the intraday and short-term basis. The next negative targets are expected to be at 1.0525$ followed by 1.0450$ levels. The EMA50 continues to support the bearish momentum and exert negative pressure on the price. It's worth noting that breaching the...
Euro Price Forecast: EU Inflation Data Bolsters Case for June Rate Cut
Euro Price Forecast: EU Inflation Data Bolsters Case for June Rate Cut
Apr 17, 2024
EUR/USD, EUR/GBP Analysis Fed-ECB policy divergence on the cards, EUR/USD attempts to halt the recent declineEUR/GBP continues to trade within familiar rangeScheduled risk events overshadowed by geopolitical uncertaintyElevate your trading skills and gain a competitive edge. Get your hands on the euro Q2 outlook today for exclusive insights into key market catalysts that should be on every trader's radar: Recommended...
The EURUSD price keeps its negative stability – Forecast today - 17-04-2024
The EURUSD price keeps its negative stability – Forecast today - 17-04-2024
Apr 17, 2024
EURUSD Price Analysis Expected Scenario The EURUSD price settles below the 1.0645$ level, and stochastic attempts to get rid of its negative momentum, while the EMA50 continues to press negatively on the price. Therefore, we believe that the chances are valid to resume the expected bearish trend on the intraday and short-term basis, which targets 1.0525$ followed by 1.0450$ levels...
Copyright 2023-2025 - www.financetom.com All Rights Reserved