financetom
Euro-Dollar
financetom
/
Forex
/
Euro-Dollar
/
The EURUSD price begins bullish correction – Forecast today - 25-10-2024
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
The EURUSD price begins bullish correction – Forecast today - 25-10-2024
Nov 3, 2024 12:07 PM

The EURUSD price surpassed the bearish channels resistance line and settled above it, to start bullish correction for the decline that started from 1.1208$ areas, targeting 1.0866$ followed by 1.0930$ levels as initial positive stations.

Therefore, the bullish bias will be suggested for today, noting that breaking 1.0760$ will stop the expected rise and push the price to resume the main bearish track again.

The expected trading range for today is between 1.0750$ support and 1.0910$ resistance

Trend forecast: Bullish

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 >
EURUSD moves in a limited range -Analysis-28-04-2025
EURUSD moves in a limited range -Analysis-28-04-2025
May 25, 2025
The EURUSD price settled on a slight decline in its recent intraday trading, due to the continuous negative pressure from its trading below EMA50, to keep moving in limited range of tight sideways trading, holding above 1.1310 support, taking advantage from the emergence of the positive signals on the (RSI). This came because of the domination of a bearish correctional...
EURUSD surrenders to the negative pressure-Analysis-25-04-2025
EURUSD surrenders to the negative pressure-Analysis-25-04-2025
May 25, 2025
The EURUSD declined in its recent intraday trading, affected by the continuous negative pressure due to its stability below the EMA50, accompanied with a negative technical formation that completed previously on the short-term basis, which is the rising wedge pattern. Additionally, the emergence of negative overlapping signals on the (RSI), after reaching exaggerated overbought levels compared to the price movement,...
EURUSD suffers from negative pressure -Analysis-08-05-2025
EURUSD suffers from negative pressure -Analysis-08-05-2025
May 25, 2025
The EURUSD declined in its recent intraday trading, with the emergence of the negative signals on the (RSI), after reaching overbought levels previously, to surpass the support of its EMA50, which increases the negative pressure on its upcoming trading. The last decline led the price to settle again below 1.1340, which reinforces the negative scenario amid the dominance of the...
EURUSD suffers from negative pressures-Analysis-24-04-2025
EURUSD suffers from negative pressures-Analysis-24-04-2025
May 25, 2025
The EURUSD settled bearishly in its recent intraday trading, affected by the technical formation negativity, which was formed previously on the short- term basis, represented by the rising wedge pattern, which causes correctional pressures on the price. The continuation of the trading below EMA50, besides the emergence of weakness signals from the (RSI), after offloading some of the exaggerated oversold...
Copyright 2023-2025 - www.financetom.com All Rights Reserved