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 resumes the decline – Forecast today - 27-03-2024
The EURUSD price resumes the decline – Forecast today - 27-03-2024
Mar 26, 2024
EURUSD Price Analysis The EURUSD price shows calm bearish bias to move away gradually from 1.0860$ level, reinforcing the expectations of continuing the bearish trend, which targets 1.0765$ level initially. The negative pressure formed by the EMA50 supports achieving more decline and surpass the mentioned level to achieve additional negative targets that reach 1.0645$. Therefore, we will continue to suggest...
The EURUSD price needs strong negative motive – Forecast today - 28-03-2024
The EURUSD price needs strong negative motive – Forecast today - 28-03-2024
Mar 28, 2024
EURUSD Price Analysis Bearish Scenario The EURUSD price fluctuates with slight negativity. Attempts to move away from the broken neckline of the double top pattern. Falling under negative pressure formed by the EMA50. Supports the continuation of the expected bearish trend on the intraday basis. Targets begin by testing 1.0765$ level. Continue to suggest the bearish trend on the intraday...
Euro Latest – German GDP Seen at Just 0.1% in 2024, EUR/USD Under Pressure
Euro Latest – German GDP Seen at Just 0.1% in 2024, EUR/USD Under Pressure
Mar 27, 2024
EUR/USD Prices, Charts, and Analysis The German economy is struggling according to five leading economic institutes.Two ECB rate cuts before the August holiday break?Learn How to Trade EUR/USD with Our Complimentary Guide Recommended by Nick Cawley How to Trade EUR/USD The German economy is in trouble and is expected to expand by the barest of margins in 2024, according to...
Crude Oil Prices Slip Again As US Inventories Increase, OPEC Meet Eyed
Crude Oil Prices Slip Again As US Inventories Increase, OPEC Meet Eyed
Mar 27, 2024
Brent Crude News and Analysis Learn why oil fundamentals are crucial to understanding oil price fluctuations: Recommended by Richard Snow Understanding the Core Fundamentals of Oil Trading Crude Oil Prices look set to make Wednesday a second day of falls as the market still looks keen on taking some profit after this month’s rise to highs not seen since October....
Copyright 2023-2025 - www.financetom.com All Rights Reserved