Euro Dollar exchange rate forecasts tomorrow analysis and signals 2024-2025 By Francesco Massetti Posted on 20 November 2024 Condividi su Facebook Condividi su Twitter Condiviso su Google+ Condiviso su Pinterest Condiviso su Linkedin Condiviso su Tumblr Euro Dollar forex signals today Euro Dollar forex signals today Euro Dollar exchange short and long term forecasts Euro Dollar exchange weekly, monthly and quarterly forecasts and analysis with Forex signals using the Gann technique Eur/Usd chart last 2 years with technical analysis euro dollar weekly Eur/Usd forecasts today From the weekly top of 21 July 2023 until today, price dynamics in the Euro Dollar market have been sideways, with alternating periods of positive laterality. Most recently during the week of 04 October, we witnessed the negation of the Set Up weekly of 13 September: the European currency’s short trend changed to the downside, generating a corrective push double its natural rhythm described by the 1X1 corner in red. Subsequently, the formation of a bearish out-side during the Minimum Square in the week of 08 November led to a further negative acceleration: Euro quotes from a top at 1.0937 reached the descending 1X4 corner support, plotted in purple, at 1.0496. Next Maximum Square Forex Signal coincides with the week of November 29, 2024. Resistances in the area 1.0730; 1.08. Further supports 1.0480; 1.0370. Technical analysis Euro Dollar medium term euro dollar monthly The laterality of the Euro Dollar market is best observed on the monthly time frame. In August 2024 following the monthly triple Set Up, the Euro generated a strong positive momentum, effectively creating a bull-trap. In fact already in October the Euro reached the low of the August Set Up at 1.0760. With the expiry of the Maximum Square in November, the return to negativity was clear. Currently the downtrend is being held back by the 1X4 angular supports, as shown in the picture with purple vectors. Further targets 1:1 parity area. Angular resistances in the area 1.0690; 1.08. Long-term Eur/Usd trend euro dollar quarterly The positive pull-back of the quarterly trend of the Euro Dollar came to a halt in Q4 2024. The 1X4 descending angles drawn in purple in the picture above, progressively weakened the driving force of the Euro, which reached a top at 1.1213 last quarter. The long-term corrective trend, determined in the latter part of 2024, will have the area of 1.015-1.00 as its next supports. The Euro Dollar forecast article was described using the Gann technique and the Top Trader(c) stock market software.
