The EURUSD price faces solid support – Forecast today - 15-04-2024
Economies.com
2024-04-15 04:04AM UTC
EURUSD Pair Analysis
Expected Scenario
The EURUSD pair settles around the 1.0645$ level, finding solid support there, showing some slight bullish bias. However, we will depend on the last daily close below this level to expect the continuation of the bearish bias in the upcoming sessions, targeting 1.0525$ followed by 1.0450$ levels as next main targets.
The EMA50 supports the continuation of the expected decline. Failing to confirm a break below 1.0645$ will lead the price to recover, targeting testing 1.0765$ areas initially.
Expected Trading Range
The expected trading range for today is between 1.0560$ support and 1.0720$ resistance.
Trend Forecast
Bearish
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