financetom
Euro-Dollar
financetom
/
Forex
/
Euro-Dollar
/
The EURUSD price forecast update - 22-10-2024
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
The EURUSD price forecast update - 22-10-2024
Oct 26, 2024 9:31 AM

The EURUSD price shows some slight bullish bias now, affected by stochastic positivity, but as long as the price is below 1.0880$, our bearish overview will remain valid for today, supported by the negative pressure formed by the EMA50, reminding you that our targets begin at 1.0780$ and extend to 1.0700$ after breaking the previous level.

The expected trading range for today is between 1.0735$ support and 1.0880$ 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 >
Forecast update for EURUSD -04-06-2026.
Forecast update for EURUSD -04-06-2026.
Jun 4, 2026
The EURUSD pair kept rising in its last intraday trading, supported by the emergence of positive signals from the relative strength indicators, after reaching oversold levels, attempting to correct the bearish trend on the short-term basis, amid its trading alongside supportive trend line for this path, to reach EMA50s resistance, threatening these intraday gains, opening the way for potential rebound....
Euro moves in a positive zone before US jobs data
Euro moves in a positive zone before US jobs data
Jun 5, 2026
The euro advanced in European trading on Friday against a basket of global currencies, extending gains for a second consecutive session against the US dollar as risk sentiment improved and investors maintained hopes that the United States and Iran could reach a peace agreement to end the conflict in the Middle East. Global financial markets are now awaiting the release...
Forecast update for EURUSD -05-06-2026.
Forecast update for EURUSD -05-06-2026.
Jun 5, 2026
The EURUSD pair surged higher in its last intraday trading, surpassing the resistance of EMA50, to get rid of its negative pressure, surpassing the resistance of minor bearish trend line on the short-term basis, as a clear signals for continuing the upside movement in the near upcoming period, with the emergence of positive signals from the relative strength indicators, after...
Forecast update for Gold -05-06-2026
Forecast update for Gold -05-06-2026
Jun 5, 2026
Gold price rose in its recent intraday trading, attempting to offload some of its clear oversold conditions on the relative strength indicators, especially with the emergence of the positive signals, amid the continuation of the negative pressure that comes from its trading below EMA50, reinforcing the stability and dominance of the main bearish trend on the short-term, with its trading...
Copyright 2023-2026 - www.financetom.com All Rights Reserved