financetom
Euro-Dollar
financetom
/
Forex
/
Euro-Dollar
/
The EURUSD price loses momentum – Forecast today - 26-03-2024
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
The EURUSD price loses momentum – Forecast today - 26-03-2024
Mar 26, 2024 12:19 AM

EURUSD Price Analysis The EURUSD price settles at the broken neckline of the double top pattern, maintaining stability below it. This situation keeps the negative effect of the pattern active, waiting to resume the expected bearish trend on the intraday basis. Our first target is located at 1.0765$. Stochastic loses its positive momentum, reaching overbought areas, indicating a potential decline in the price. The mentioned pattern has negative targets, surpassing the mentioned level to reach 1.0690$. We continue to suggest the bearish trend unless the price rallies to breach 1.0860$ and holds above it. Expected Trading Range for Today:

Support: 1.0720$ Resistance: 1.0870$ 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 price attempts to offload its overbought condition -Analysis-29-10-2025
EURUSD price attempts to offload its overbought condition -Analysis-29-10-2025
Oct 28, 2025
The (EURUSD) price declined in its last intraday trading, in a corrective move to offload the clear overbought conditions on the relative strength indicators, with the negative signals from them, there is temporary decline at the bullish momentum before regaining the strength. This decline remains supported by its trading above EMA50, that forms a key dynamic support that reinforces the...
ECB holds interest rates unchanged for third straight meeting
ECB holds interest rates unchanged for third straight meeting
Oct 30, 2025
The European Central Bank (ECB) announced its interest rate decision on Thursday, concluding its October 2930 meeting. As widely expected, the bank kept rates unchanged at 2.15% the lowest level since October 2022 marking the third consecutive meeting without a change. Policymakers at the ECB believe that no further rate cuts are necessary to achieve the 2% inflation target, emphasizing...
EURUSD price ends on hopes of a recovery -Analysis-30-10-2025
EURUSD price ends on hopes of a recovery -Analysis-30-10-2025
Oct 29, 2025
The (EURUSD) price rose in its last intraday trading, to recover some of yesterdays losses, however this improvement remains under the dominant negative pressure, so the bearish trend dominates on short-term trading, with the continuation of the trading below EMA50, which reinforces the stability of this bearish track. Accompanied by the emergence of negative signals on the relative strength indicators,...
Evening update for EURUSD -28-10-2025
Evening update for EURUSD -28-10-2025
Oct 28, 2025
The (EURUSD) witnessed fluctuated trading on its last intraday levels after its decline, attempting to offload its overbought conditions on the relative strength indicators, with the emergence of the negative signals from there, attempting at the same time to gain bullish momentum to help it in the stability of the bullish corrective trend on the short-term basis, leaning on the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved