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The EURUSD attempts to recover - 04-03-2024
The EURUSD pair provided slight positive trades in the previous sessions to approach the first key resistance 1.0860, noticing that stochastic lost its positive momentum to show clear overbought signals now, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which its next target located at 1.0765.
Breaking 1.0825 will reinforce the expectations to decline, noting that breaching 1.0860 followed by 1.0890 levels will stop the bearish trend and lead the price to achieve additional gains that reach 1.0960 as a first positive station.
The expected trading range for today is between 1.0750 support and 1.0900 resistance.
The expected trend for today: Bearish
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