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 >
The EURUSD price confirms the breach – Forecast today - 15-05-2024
The EURUSD price confirms the breach – Forecast today - 15-05-2024
May 14, 2024
EURUSD Price Analysis Expected Scenario The EURUSD price confirmed breaching 1.0795$ level after closing the daily candlestick above it, to turn to rise and build bullish wave on the intraday basis, targeting testing 1.0875$ initially, noting that breaching this level will push the price towards 1.0975$ as a next main station. Therefore, the bullish bias will be suggested for today,...
US Inflation Preview: How Will CPI Data Impact Gold, the US Dollar & Yields?
US Inflation Preview: How Will CPI Data Impact Gold, the US Dollar & Yields?
May 14, 2024
Most Read: Gold Prices Bid Despite Hot PPI, Inflation Data Next - What Now for XAU/USD? The U.S. Bureau of Labor Statistics will release on Wednesday morning April’s consumer price index data – a crucial economic report closely tracked by market participants that could bring heightened volatility due to its significance for the Federal Reserve’s monetary policy path. Following Tuesday's...
The EURUSD price presses on the support – Forecast today - 17-05-2024
The EURUSD price presses on the support – Forecast today - 17-05-2024
May 16, 2024
Price Analysis for EURUSD Expected Scenario The EURUSD price continues to trade negatively, as it presses on the bullish channels support line that appears on the chart, which hints heading to continue the decline in the upcoming sessions, on its way to test 1.0795$ mainly. Therefore, we expect to witness negative trades today, being aware that it is important to...
The EURUSD price surpasses the first target – Forecast today - 16-05-2024
The EURUSD price surpasses the first target – Forecast today - 16-05-2024
May 15, 2024
EURUSD Price Analysis Expected Scenario The EURUSD price continued to rise yesterday to breach the 1.0875$ level and close the daily candlestick above it, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, opening the way to head towards 1.0975$ that represents our next main target. The bullish channel carries the price to achieve more expected gains...
Copyright 2023-2026 - www.financetom.com All Rights Reserved