The EURUSD price confirms the break – Forecast today - 02-04-2024
2024-04-02 01:40AM UTC

Market Analysis for EURUSD Price

  • The EURUSD price confirmed breaking the 1.0765$ level after closing the daily candlestick below it, supporting the continuation of the expected bearish trend on the intraday basis, affected by the previously completed double top pattern.
  • The Exponential Moving Average (EMA) 50 continues to support the suggested bearish wave. However, breaching 1.0765$ will halt the expected decline and lead the price to start recovery attempts.

The expected trading range for today is between 1.0650$ support and 1.0800$ resistance.

Trend forecast: Bearish

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