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 >
Evening update for EURUSD -01-09-2025
Evening update for EURUSD -01-09-2025
Sep 1, 2025
The (EURUSD) declined in its last intraday trading, due to the stability of the key resistance level at 1.1730, to attempt to gain positive momentum that might help to breach this resistance and offload some of its clear overbought conditions on the (RSI), especially with the emergence of the negative signals, amid the dominance of the main bullish trend. VIP...
EURUSD attempts to offload its overbought condition -Analysis-29-08-2025
EURUSD attempts to offload its overbought condition -Analysis-29-08-2025
Aug 28, 2025
The (EURUSD) declined in its last intraday trading, in a natural profit taking move after its previous rise, attempting to gain bullish momentum that might support it to return to rise again, accompanied by the attempts of the price to offload the clear overbought conditions on the (RSI), after reaching exaggerated high levels. Despite this slight decline, the price remains...
Evening update for EURUSD -29-08-2025
Evening update for EURUSD -29-08-2025
Aug 29, 2025
The (EURUSD) rose high in its last intraday trading, after its lean on the support of EMA50, gaining bullish momentum that helped it to recover and achieve these gains, especially after its success in offloading its overbought levels on the (RSI), opening the way for achieving more of the gains, especially with the emergence of the positive signals, amid the...
Evening update for EURUSD -28-08-2025
Evening update for EURUSD -28-08-2025
Aug 28, 2025
The (EURUSD) extended its gains in its last intraday trading, to confirm breaching its current resistance at 1.1665, supported by its continuous trading above EMA50, and under the dominance of minor bullish wave on the short-term basis, despite the emergence of negative overlapping signals on the (RSI), after reaching overbought levels, indicating the strength of the bullish momentum. VIP Trading...
Copyright 2023-2026 - www.financetom.com All Rights Reserved