financetom
Euro-Dollar
financetom
/
Forex
/
Euro-Dollar
/
The EURUSD price draws positive pattern – Forecast today - 25-06-2024
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
The EURUSD price draws positive pattern – Forecast today - 25-06-2024
Jun 24, 2024 9:51 PM

The EURUSD Price Analysis Expected Scenario The EURUSD price ended yesterday above 1.0720$ level, and by taking a deeper look at the chart, we find that the price is forming double bottom pattern that its confirmation line located at 1.0750$, which means that breaching this level will motivate the price to achieve more gains and head to visit 1.0840$ direct. Therefore, we expect to witness positive trades in the upcoming sessions depending on the formation of the mentioned positive pattern, noting that breaking 1.0675$ will stop the expected rise and push the price to decline again. Expected Trading Range Between 1.0670$ support and 1.0820$ 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 >
EUR/USD and GBP/USD
EUR/USD and GBP/USD
Aug 29, 2024
EUR/USD Analysis Current Position: 30.60% of traders are net-long (buying)69.40% of traders are net-short (selling)The ratio of short to long positions is 2.27 to 1Changes in Long Positions: Increased by 20.19% since yesterdayIncreased by 44.60% since last weekChanges in Short Positions: Decreased by 5.87% since yesterdayDecreased by 3.33% since last weekMarket Interpretation: We generally take a contrarian view to crowd...
EUR/USD and USD/JPY – Latest Sentiment Analysis
EUR/USD and USD/JPY – Latest Sentiment Analysis
Aug 16, 2024
EUR/USD and USD/JPY – Latest Sentiment Analysis Recommended by Nick Cawley How to Trade EUR/USD EUR/USD Sentiment Analysis Current positioning: 32.46% of traders are net-longThe ratio of short to long traders is 2.08 to 1Changes in positioning: Net-long traders: Up 9.28% from yesterday, down 17.58% from last weekNet-short traders: Down 10.10% from yesterday, up 15.36% from last weekInterpretation: The analysis...
British Pound (GBP) Latest – Will the Bank of England Cut Rates This Week?
British Pound (GBP) Latest – Will the Bank of England Cut Rates This Week?
Jul 29, 2024
British Pound (GBP) Latest – Will the Bank of England Cut Rates This Week? Expectations are growing that the BoE will start cutting rates this week.GBP/USD may have already put in its medium-term high. Recommended by Nick Cawley Get Your Free GBP Forecast The Bank of England will release its latest monetary policy report this week with financial markets now...
Sharp Rise in the Unemployment Rate Amplifies September Rate Cut Odds
Sharp Rise in the Unemployment Rate Amplifies September Rate Cut Odds
Aug 2, 2024
NFP, USD, Yields and Gold Analysed A disappointing 114k jobs were added to the economy in June, less than the 175k expected and prior 179k in June.Average hourly earnings continue to ease but the unemployment rate rises to 4.3%USD continues to trend lower as do US treasuries while gold receives a boost Recommended by Richard Snow Get Your Free USD...
Copyright 2023-2025 - www.financetom.com All Rights Reserved