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End of day EURUSD price forecast update - 18-07-2024

Economies.com
2024-07-18 19:31PM UTC

The EURUSD price faces strong negative pressure to break the bullish channel’s support line and attempts to hold below it, to hint the beginning of bearish correction for the rise that started from 1.0665$ areas, on tis way to test 1.0880$ followed by 1.0840$ levels mainly, noting that closing the day below 1.0915$ will confirm the turn to decline.

Brent oil price forecast update 18-07-2024

Economies.com
2024-07-18 09:22AM UTC

Brent oil price trades negatively now to test the key support 85.20$, which represents one of the next trend keys, and as we mentioned this morning, the price needs to break this support or breach 85.80$ resistance to confirm the next destination clearly, which keeps our neutrality valid until now.

 

We remind you that breaking the mentioned support will put the price under negative pressure that its targets begin at 84.10$ and extend to 82.74$, while breaching the resistance will lead the price to resume the main bullish track and achieve positive targets that start at 86.95$ followed by 88.50$.

 

The expected trading range for today is between 84.30$ support and 87.40$ resistance.

 

Trend forecast: Neutral

Crude oil price forecast update 18-07-2024

Economies.com
2024-07-18 09:22AM UTC

Crude oil price faces negative pressure now to head towards potential test to the key support 81.84$, and as long as the price is above this level, our bullish overview will remain valid for today, as breaking this level represents the key to return to the correctional bearish track again, while the price needs to surpass 83.05$ to ease the mission of heading towards our next main target at 84.68$.

 

The expected trading range for today is between 81.70$ support and 84.70$ resistance

 

Trend forecast: Bullish

Silver price forecast update 18-07-2024

Economies.com
2024-07-18 09:21AM UTC

Silver price trades positively and attempts to surpass the minor resistance that appears on the chart, motivated by stochastic positivity that supports the chances of continuing the bullish bias and achieve more gains today, waiting to visit 31.00$ as a first station, which breaching it represents the key to rally towards 31.50$ followed by 32.00$ levels, reminding you that the continuation of the bullish wave depends on the price stability above 30.06$.

 

The expected trading range for today is between 30.00$ support and 31.00$ resistance.

 

Trend forecast: Bullish

Frequently asked questions

What is the price of EUR/USD today?

The price of EUR/USD is $1.1621 (2025-07-16 08:25AM UTC)