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 >
Euro declines amid US-Iran talks
Euro declines amid US-Iran talks
Apr 28, 2026
The Euro declined in the European market on Tuesday against a basket of global currencies, on track to incur its first loss in three days against the U.S. dollar. This comes as investors return to purchasing the American currency as a safe haven, following receding optimism regarding the success of talks between the United States and Iran in reaching a...
Forecast update for EURUSD -29-04-2026.
Forecast update for EURUSD -29-04-2026.
Apr 29, 2026
The EURUSD pair declined in its recent intraday trading, preparing to break the key support at 1.1690, amid the emergence of the negative signals from the relative strength indicators, after reaching overbought levels, amid the dominance if bearish corrective wave on the short-term basis, and trading alongside trend line, besides the continuation of the negative pressure due to its trading...
Forecast update for EURUSD -30-04-2026.
Forecast update for EURUSD -30-04-2026.
Apr 30, 2026
The EURUSD pair rose in its recent intraday trading, affected by forming positive divergence on the relative strength indicators, with the emergence of the positive signals from them, attacking the initial resistance level at 1.1690, despite these strong gains, it remains moving within bearish corrective channels range that limits its previous trading on short-term basis, with the continuation of the...
EURUSD price is between bearish pressure and strong rebound potential - Analysis-29-04-2026
EURUSD price is between bearish pressure and strong rebound potential - Analysis-29-04-2026
Apr 29, 2026
The EURUSD pair recorded a slight uptick in its recent intraday trading, amid the dominance of a bearish corrective wave and its movement within a price channel. Negative pressure persists as the pair trades below EMA50, limiting the chances of a full recovery in the near term. Despite that, some positive signs are emerging, with a bullish divergence beginning to...
Copyright 2023-2026 - www.financetom.com All Rights Reserved