financetom
Euro-Dollar
financetom
/
Forex
/
Euro-Dollar
/
The EURUSD price forecast update - 01-05-2024
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
The EURUSD price forecast update - 01-05-2024
May 1, 2024 5:22 AM

EURUSD Price Analysis: Expected Scenarios The EURUSD price shows some slight bullish bias now, affected by stochastic positivity, but as long as the price is below 1.0715$, our bearish overview will remain valid for today, supported by the EMA50, reminding you that our next target is located at 1.0615$, which breaking it represents the key to rally towards 1.0520$ as a next negative target.

The expected trading range for today is between 1.0570$ support and 1.0720$ 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 >
EURUSD declines, affected by its current resistance-Analysis-23-07-2025
EURUSD declines, affected by its current resistance-Analysis-23-07-2025
Jul 22, 2025
The (EURUSD) declined in its last intraday trading, affected by the stability of the current resistance level at 1.1750, which pushed the price to gather its previous gains, in an attempt to catch its breath and regain the required positive momentum to breach the key resistance. This decline was accompanied by the attempts to offload the clear overbought conditions on...
Evening update for EURUSD -22-07-2025
Evening update for EURUSD -22-07-2025
Jul 22, 2025
The (EURUSD) soars high in its last intraday trading, attacking the current resistance level at 1.1750, this level represents our morning target, amid its affection by breaching bearish correctional trend line previously on the short-term basis, with the continuation of the positive pressure that comes from its trading above EMA50, representing a source for the bullish momentum that assists it...
EURUSD expands its gains-Analysis-24-07-2025
EURUSD expands its gains-Analysis-24-07-2025
Jul 23, 2025
The (EURUSD) managed to achieve consecutive gains in its last intraday trading, to confirm breaching the current resistance level at 1.1750, supported by the negative signals that come from the (RSI), despite reaching overbought levels. This comes amid the continuation of the main bullish trend dominance on the short-term basis, with the price moving alongside a supportive bias line for...
EURUSD is in a truce to catch breath-Analysis-22-07-2025
EURUSD is in a truce to catch breath-Analysis-22-07-2025
Jul 21, 2025
The (EURUSD) settled high in its last intraday trading, after breaching bearish correctional trend line on the short-term basis, which represents an early technical sign for a potential turn in the track, accompanied by releasing the negative pressure of the price due to its previous trading below EMA50, which opened the way for catching breath after a strong bullish wave....
Copyright 2023-2025 - www.financetom.com All Rights Reserved