financetom
Euro-Dollar
financetom
/
Forex
/
Euro-Dollar
/
The EURUSD price hits the first extended target – Forecast today - 17-06-2024
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
The EURUSD price hits the first extended target – Forecast today - 17-06-2024
Jun 16, 2024 9:47 PM

EURUSD Price Analysis Expected Scenario The EURUSD price finds solid support at the 1.0675$ level, showing some slight bullish bias influenced by stochastic positivity. However, the EMA50 exerts negative pressure, supporting the continuation of the expected bearish trend on the intraday basis, targeting 1.0600$ as the next main station. Therefore, the bearish trend scenario will remain valid for the upcoming period, noting that breaching 1.0795$ will halt the expected decline and lead the price to recover again. Expected Trading Range Between support at 1.0630$ and resistance at 1.0760$

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 forecast update - 24-10-2024
The EURUSD price forecast update - 24-10-2024
Oct 26, 2024
The EURUSD price is testing the bearish channels resistance line that appears on the chart, and as we mentioned this morning, the price needs to hold below 1.0800$ to keep the negative scenario valid for the upcoming period, which its targets begin by breaking 1.0780$ to confirm opening the way to head towards 1.0700$ as a next station, reminding you...
The EURUSD price approaches the target – Forecast today - 23-10-2024
The EURUSD price approaches the target – Forecast today - 23-10-2024
Oct 26, 2024
The EURUSD price resumed its negative trading to approach our waited target at 1.0780$, reinforcing the expectations of continuing the domination of the bearish trend, reminding you that breaking this level will push the price towards 1.0700$ as a next negative station. The EMA50 keeps supporting the suggested bearish wave, reminding you that breaching 1.0880$ will stop the negative scenario...
The EURUSD price forecast update - 22-10-2024
The EURUSD price forecast update - 22-10-2024
Oct 26, 2024
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...
The EURUSD price loses momentum – Forecast today - 24-10-2024
The EURUSD price loses momentum – Forecast today - 24-10-2024
Oct 26, 2024
The EURUSD price touched 1.0780$ level and found solid support there, to show some slight bullish bias, affected by stochastic positivity that loses its positive momentum clearly, which supports the chances of resuming the negative trades in the upcoming sessions, as it moves within bearish channel that has negative targets that extend to 1.0700$ followed by 1.0670$. Therefore, we expect...
Copyright 2023-2026 - www.financetom.com All Rights Reserved