financetom
Euro-Dollar
financetom
/
Forex
/
Euro-Dollar
/
The EURUSD price forecast update - 05-04-2024
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
The EURUSD price forecast update - 05-04-2024
Apr 5, 2024 4:25 AM

Expected Scenarios Scenario 1: Bearish Trend The EURUSD price hovers around the 1.0840$ level, waiting for negative motive. Expectation of resuming the bearish trend with stability below 1.0860$. Main awaited target is at 1.0765$. Scenario 2: Bullish Wave Breaching 1.0860$ will stop the bearish trend and push the price to build a bullish wave. Next target: 1.0960$. Expected trading range for today: Between support at 1.0750$ and resistance at 1.0900$.

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 >
Evening update for EURUSD -11-09-2025
Evening update for EURUSD -11-09-2025
Sep 11, 2025
The (EURUSD) soared in its last intraday trading, due to its lean on bullish trend line on the short-term basis, gaining bullish momentum that helped it to achieve these strong gains, taking advantage of the positive pressure that comes from its trading above EMA50, attacking the key resistance at 1.1730,this resistance represents our last suggested target, besides the emergence of...
Forecast update for EURUSD -12-09-2025.
Forecast update for EURUSD -12-09-2025.
Sep 12, 2025
The price of (EURUSD) witnessed mixed trading in its last intraday levels, amid the pairs attempts to breach the stubborn resistance at 1.1730, supported by its continuous trading above EMA50, under the dominance of the bullish trend on the short-term basis and its trading alongside a bias line, on the other hand, we notice the emergence of the negative signals...
ECB holds interest rates for second meeting in a row
ECB holds interest rates for second meeting in a row
Sep 11, 2025
The European Central Bank (ECB) announced its interest rate decision on Thursday at the conclusion of its September 1011 meeting, leaving rates unchanged at 2.15% the lowest level since October 2022 in line with most global market expectations, marking a second consecutive hold. Policymakers at the ECB believe there is no need for further rate cuts to achieve the 2%...
Evening update for EURUSD -12-09-2025
Evening update for EURUSD -12-09-2025
Sep 12, 2025
The (EURUSD) rose in its last intraday trading, due to its lean on the support of EMA50, gaining positive momentum that intensified with its lean on the bullish trend line on the short-term basis, preparing to attack the stubborn resistance level at 1.1730, after offloading its overbought conditions on the (RSI), opening the way for achieving more of the gains....
Copyright 2023-2026 - www.financetom.com All Rights Reserved