EURUSD Price Analysis
Expected Scenarios
- The EURUSD price didn’t show any strong move since morning, and continues to fluctuate around 1.0830$ level.
- No change to the expected bearish trend scenario for today, which depends on the price stability below 1.0860$ level.
- Our targets begin at 1.0765$ and extend to 1.0645$ after surpassing the previous level.
Stochastic current positivity might cause more sideways fluctuation before resuming the expected decline, which gets continuous support by the EMA50.
Trading Range
The expected trading range for today is between 1.0740$ support and 1.0890$ resistance.
Trend forecast: bearish