financetom
Technology
financetom
/
Technology
/
Forecast update for EURUSD-02-06-2025
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Forecast update for EURUSD-02-06-2025
Jun 2, 2025 4:48 AM

The price of (EURUSD) extended its gains in its recent intraday trading, reaching our morning target and attacking the key resistance at 1.1420, supported by its trading above its EMA50, with its trading alongside a minor bullish trend line on the short-term basis.

Besides the emergence of the positive signals on the (RSI), despite reaching overbought levels, which might decelerate the rise of the price in its upcoming trading, due to its neediness to offload some of the overbought levels.

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 Analyst Verdict: MongoDB In The Eyes Of 39 Experts
The Analyst Verdict: MongoDB In The Eyes Of 39 Experts
Jun 3, 2024
Providing a diverse range of perspectives from bullish to bearish, 39 analysts have published ratings on MongoDB ( MDB ) in the last three months. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish...
Corn price confirms the break – Forecast today - 04-06-2024
Corn price confirms the break – Forecast today - 04-06-2024
Jun 3, 2024
Price Analysis: Corn Expected Scenario Corn price managed to break 449.20$ level and hold below it, confirming the continuation of the bearish trend domination to head towards achieving our next negative target at 433.50$. The negative effect of the double top pattern supports the expected bearish trend, which will remain valid unless breaching 449.20$ and holding above it. Expected Trading...
Soybean price keeps declining – Forecast today - 04-06-2024
Soybean price keeps declining – Forecast today - 04-06-2024
Jun 3, 2024
Price Analysis: Soybean Expected Scenario Soybean price provided additional negative trades yesterday to move away from 1193.10$ level, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, opening the way to target 1150.00$ followed by 1131.40$ levels that represent our next main targets. Therefore, we are waiting for more expected decline in the upcoming period, noting that...
Brent oil price suffers strong losses – Forecast today - 04-06-2024
Brent oil price suffers strong losses – Forecast today - 04-06-2024
Jun 3, 2024
Price Analysis: Brent Oil Expected Scenario Brent oil price surpassed our awaited target at 80.08$ strongly and continued to decline, reaching the 78.00$ barrier now. We expect the continuation of the decline within the bearish channel that appears on the chart to visit 77.18$ as the next negative station. Note that breaking this level will push the price towards 76.25$...
Copyright 2023-2025 - www.financetom.com All Rights Reserved