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End of day EURUSD price forecast update - 11-11-2024

Economies.com
2024-11-11 15:29PM UTC

The EURUSD price broke 1.0680$ level clearly and closed the last four hours’ candlestick below it, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, and the way is open to achieve our next target at 1.0600$, noting that holding below 1.0680$ represents initial condition to the continuation of the expected decline.

Algorand price pierces main downward trend line - Forecast today - 11-11-2024

Economies.com
2024-11-11 12:29PM UTC

Algorand’s currency price (ALGOUSD) kept rising in the intraday levels after managing to pierce the main downward trend line in the medium term, while buoyed by trading above the 50-day SMA, thus tackling the resistance of $0.1472, while hurt by negative signals from the RSI after reaching overbought levels, thus curbing gains. 

 

We still expect more gains for the currency, especially if the resistance of $0.1472 was reliably breached, thus targeting the next one at $0.1998.

First Digital price receives some support - Forecast today - 11-11-2024

Economies.com
2024-11-11 12:29PM UTC

First Digital USD currency price rose in the intraday levels after leaning on the support of the 50-day SMA, lending the price some momentum, while it trades alongside the downward medium-term trend line, with negative signals from the RSI after reaching overbought levels. 

 

Therefore we expect the price to return lower, targeting the pivotal support of $0.99560580, provided the resistance of $1.00086018 holds on.

Pepe price pierces important resistance - Forecast today - 11-11-2024

Economies.com
2024-11-11 12:28PM UTC

Pepe’s currency price (PEPEUSD) extended the gains in the intraday levels and pierced the important resistance of $0.000011936, amid the dominance of the main upward trend in the medium term, with positive pressure from trading above the 50-day SMA, countered with negative signals from the RSI after reaching overbought levels, which could curb upcoming gains. 

 

Therefore we expect more gains for the price, provided it settles firmly above $0.000011936, thus targeting the pivotal resistance of $0.000017223.