The EURUSD price awaits more decline – Forecast today - 25-03-2024
Economies.com
2024-03-25 02:42AM UTC
The EURUSD price fluctuates around 1.0800$ barrier, affected by the previously completed double top pattern to head towards achieving more expected bearish bias in the upcoming sessions, reminding you that the expected targets begin at 1.0765$ and extend to 1.0690$ after breaking the previous level.
The EMA50 forms negative pressure that supports the continuation of the expected bearish trend, which will remain valid unless the price rallied to breach 1.0860$ and hold above it, which will cancel the mentioned negative pattern and lead the price to recover.
The expected trading range for today is between 1.0720$ support and 1.0870$ resistance.
Trend forecast: bearish
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