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The EURUSD price forecast update - 15-05-2024

Economies.com
2024-05-15 09:28AM UTC

EURUSD Price Analysis

Expected Scenario

  • The EURUSD price shows more bullish bias and attempt to return to the bullish channel that appears on the chart, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, waiting to visit 1.0875$ as a first station, reminding you that surpassing this level will extend the bullish wave to reach 1.0975$.
  • In general, the positive scenario will remain valid and active for today unless breaking 1.0795$ and holding below it.

Expected Trading Range

Between 1.0750$ support and 1.0910$ resistance.

Trend Forecast: Bullish

The EURGBP leans above the moving average – Forecast today – 15-5-2024

Economies.com
2024-05-15 05:36AM UTC

 

EURGBP Price Analysis

Expected Scenario

  • The EURGBP price ended the recent trades by providing new positive close above the MA55 at 0.8575, attempting to form additional support to reinforce the chances of activating the previously suggested bullish track.
  • Note that it is important to gather the positive momentum to ease the mission of forming new bullish waves, to target 0.8625 followed by reaching the next main target at 0.8695.

Expected Trading Range

Between 0.8570 and 0.8625

Trend Forecast: Bullish

 

Natural gas price repeats the positive closings – Forecast today – 15-5-2024

Economies.com
2024-05-15 05:35AM UTC

Natural Gas Price Analysis

Expected Scenario

  • Despite natural gas price weak trades yesterday, the frequent stability above the additional support 2.220$ confirms the efficiency of the previously suggested bullish track, to notice its fluctuation near 2.360$ now.
  • We notice the continuous positive momentum by stochastic, to expect easing the mission to resume recording the positive gains, waiting to touch 5.520$ level soon, while surpassing it might push the price towards 5.640$ as a next target.

Expected Trading Range

Between 2.280$ and 2.520$

Trend Forecast: Bullish

The EURJPY lacks the positive momentum – Forecast today – 15-5-2024

Economies.com
2024-05-15 05:33AM UTC

EURJPY Price Analysis

Expected Scenario

  • The EURJPY pair ended the recent positive rally by touching 169.40 level, to form additional barrier against the attempt to resume the bullish attack and form temporary negative rebound towards 169.00, noting that stochastic exit from the overbought areas will force the price to provide some correctional negative trades, waiting to target 168.65 followed by reaching the first additional support at 168.10.
  • On the other hand, succeeding to gather the additional positive momentum and breaching the barrier will cancel the correctional overview and start new bullish waves in order to achieve new gains that might extend towards 169.75 and 170.40.

Expected Trading Range

Between 169.40 and 168.60

Trend Forecast: Bearish

Frequently asked questions

What is the price of EUR/USD today?

The price of EUR/USD is $1.1601 (2025-07-15 19:15PM UTC)