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The EURUSD price reaches the target – Forecast today - 16-10-2024

Economies.com
2024-10-16 03:47AM UTC

The EURUSD price resumed its negative trading to reach the waited target at 1.0880$, and we expect to break this level to achieve additional negative targets that extend to 1.0780$, depending on the negative effect of the double top pattern that appears on the chart.

 

Therefore, we will continue to suggest the bearish trend for the upcoming period, which gets continuous support by the EMA50, reminding you that it is important to hold below 1.0940$ as a first condition to the continuation of the expected bearish wave.

 

The expected trading range for today is between 1.0810$ support and 1.0950$ resistance.

 

Trend forecast: Bearish

Update: Ethereum price (ETHUSD) shows mixed trades

Economies.com
2024-10-15 15:37PM UTC

Ethereum price (ETHUSD) rose strongly and approached 2700.00$ barrier, but it bounced downwards sharply to break 2623.77$ level, as it approached 2515.00$ level, being aware that we need to monitor the price according to these levels, noting that continuing the decline and breaking 2515.00$ will push the price to suffer more losses that reach 2440.00$ next, while breaching 2623.77$ represents the key to resume the bullish trend that targets 2720.00$ as a next main station.

Update: Bitcoin price (BTCUSD) hits the first extended target

Economies.com
2024-10-15 15:36PM UTC

Bitcoin price (BTCUSD) rallied upwards strongly to surpass our waited target at 67000.00$ and reach the thresholds of 68000.00$ barrier, noticing that the price faces negative pressures to test the key support 65480.00$, reminding you that holding above this level will keep the overall positive scenario valid for the upcoming period, to head towards visiting 68400.00$ level as a next main target.

Ethereum price (ETHUSD) forecast update - 15-10-2024

Economies.com
2024-10-15 10:55AM UTC

Ethereum price (ETHUSD) shows sideways trades since morning, moving below 2623.77$, which urges caution from the upcoming trading, as consolidating below this level might put the price under negative pressure to target 2515.00$ before any new positive attempt, while the price needs to trade above 2623.77$ to revive the positive scenario that its next target located at 2720.00$.

 

The expected trading range for today is between 2500.00$ support and 2750.00$ resistance.

 

Trend forecast: Bullish

Frequently asked questions

What is the price of EUR/USD today?

The price of EUR/USD is $1.1707 (2025-08-13 17:55PM UTC)