The EURUSD price approaches the target – Forecast today - 29-03-2024
Economies.com
2024-03-29 01:41AM UTC
EURUSD Price Analysis
Expected Scenario: Bearish Trend
- The EURUSD price continues its calm decline, approaching the $1.0765 level.
- This maintains the bearish trend active for the upcoming period.
- Breaking the $1.0765 level will extend the bearish wave towards $1.0645 as the next target.
- The bearish wave is based on the completion of the double top pattern observed on the chart.
- This pattern remains valid unless the price breaches $1.0860 and holds above it.
- Weak trading activity may be witnessed today due to European markets' holidays.
Expected Trading Range for Today
- Support: $1.0700
- Resistance: $1.0850
Trend Forecast: Bearish
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