financetom
Euro-Dollar
financetom
/
Forex
/
Euro-Dollar
/
The EURUSD price needs a negative motive – Forecast today - 24-06-2024
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
The EURUSD price needs a negative motive – Forecast today - 24-06-2024
Jun 23, 2024 9:50 PM

EURUSD Price Analysis Expected Scenario The EURUSD price settles near 1.0675$ support line, waiting to break this level to confirm the continuation of the bearish wave on the intraday basis, with its next target located at 1.0600$. Stochastic beings to lose the positive momentum gradually, while the EMA50 forms continuous negative pressure against the price, suggesting a bearish trend for the upcoming period. Breaking above 1.0720$ would push the price to test the most important resistance to the intraday trades at 1.0795$ before any new attempt to decline. Expected Trading Range Between 1.0610$ support and 1.0760$ 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 -29-07-2025
Forecast update for EURUSD -29-07-2025
Jul 29, 2025
The price of (EURUSD) settled low in its recent intraday levels, after its success in its early trading in reducing its losses due to the stability of the critical support level at 1.1555, this support was our morning suggested target, to bounce higher supported by the emergence of the positive signals on the (RSI), after reaching oversold levels and the...
Forecast update for EURUSD -28-07-2025
Forecast update for EURUSD -28-07-2025
Jul 28, 2025
The price of (EURUSD) declined in its recent intraday levels, to break minor bullish trend line on a short-term basis, which puts the price under strong negative pressure that pushed it to surpass the support of its EMA50. This break reinforces the chances for the continuation of the bearish move in its upcoming move, especially with the emergence of the...
Forecast update for EURUSD -30-07-2025
Forecast update for EURUSD -30-07-2025
Jul 30, 2025
The price of (EURUSD) declined in its last intraday trading, to settle below 1.1555 level, as a signal to confirm breaking it, reinforcing the possibility for the continuation of the bearish correctional trend on the intraday levels, amid the its affection by breaking a main bullish trend line previously, noticing the beginning of negative overlapping signals appearance on the (RSI),...
Euro skids to a two-week trough on US-EU trade conditions
Euro skids to a two-week trough on US-EU trade conditions
Jul 29, 2025
The euro declined in the European market on Tuesday against a basket of global currencies, deepening its losses for the fourth consecutive day against the US dollar and recording its lowest level in two weeks, as investors interpreted the terms of the trade agreement between the European Union and the United States as favoring the US economy. Following a hawkish...
Copyright 2023-2025 - www.financetom.com All Rights Reserved