The EURUSD price attempts positively – Forecast today - 03-04-2024

Economies.com
2024-04-03 02:32AM UTC

EURUSD Price Update

EURUSD Analysis

  • The EURUSD price ended yesterday’s trading at 1.0765$ level, as it attempted to breach this level.
  • Stochastic shows overbought signals now, while the EMA50 continues to press negatively on the price.
  • These factors encourage us to suggest the bearish rebound in the upcoming sessions.
  • We are waiting to target 1.0645$ as a next main station.
  • Holding above 1.0765$ will stop the negative scenario and push the price to achieve additional gains that reach 1.0860$.

Expected Trading Range for Today

  • Between 1.0680$ support and 1.0840$ resistance.

Trend Forecast: Bearish

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