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 >
Euro to Dollar Week Ahead: Balance of Risk Tilts to Downside
Euro to Dollar Week Ahead: Balance of Risk Tilts to Downside
Mar 22, 2024
EUR/USD supported near 1.1056, 1.1032, 1.1004 short-termSome bond yield differentials warn of downside as far as 1.06 Deteriorating European economy & 'dovish' ECB could weigh Continued Fed hawkishness may add to losses for EUR/USD Image © Alfred Yaghobzadeh, European Commission Audiovisual Services The Euro to Dollar exchange rate entered the...
EURUSD Forecast: What a "Harmonic Butterfly" Pattern is Telling Us
EURUSD Forecast: What a "Harmonic Butterfly" Pattern is Telling Us
Mar 22, 2024
Image © Adobe Images New technical analysis from City Index shows the Euro to Dollar exchange rate (EURUSD) can retreat in the near-term ahead of an extension of the broader rally, with a rare 'harmonic butterfly technical pattern being observed. City Index analyst Fawad Razaqzada says the recent tight range...
Euro-Dollar Positions for Key Fed and ECB Decisions: XM.com
Euro-Dollar Positions for Key Fed and ECB Decisions: XM.com
Mar 22, 2024
Image © Adobe Images. The Euro to Dollar exchange rate has seen its uptrend stall amidst increased investor nerves ahead of next week's ECB and Federal Reserve decisions says Charalampos Pissouros, Senior Investment Analyst at XM.com. The dollar continued to trade higher against most of the other major currencies on...
Euro-Dollar May Extend its Uptrend: XM.com
Euro-Dollar May Extend its Uptrend: XM.com
Mar 22, 2024
Image © Adobe Images The Euro to Dollar exchange rate is lower midweek amidst a broadly stronger Dollar, but Charalampos Pissouros, Senior Investment Analyst at XM.com looks for further outperformance in this pair. The US dollar traded slightly higher against most of the other major currencies on Tuesday, extending its...
Copyright 2023-2026 - www.financetom.com All Rights Reserved