The EURUSD price attempts negatively – Forecast today - 12-04-2024
Economies.com
2024-04-12 03:29AM UTC
EURUSD Pair Analysis
Expected Scenario
The EURUSD pair tested the 1.0700$ barrier in the previous sessions and found solid support there, leading to temporary sideways trades. It's worth noting that the stochastic indicator is beginning to lose positive momentum, indicating a potential motivation for the price to continue its decline towards our expected target at 1.0645$.
Therefore, we continue to suggest a bearish trend for the upcoming period, supported by the EMA50. It's important to hold below 1.0765$ to maintain the expected negative scenario.
The expected trading range for today is between 1.0630$ support and 1.0790$ resistance.
Trend Forecast
Bearish
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