The EURUSD price forecast update - 03-04-2024
2024-04-03 09:57AM UTC

EURUSD Price Analysis

The EURUSD price shows weak trades since morning, and continues to move around the 1.0765$ level. It needs to trade below this level to revive the expected bearish trend scenario for the upcoming period, with its next target located at 1.0645$.

  • The technical indicators provide negative signals that support the expected bearish trend. However, settling above 1.0765$ will lead the price to build an intraday bullish wave, with its first target located at 1.0860$.

The expected trading range for today is between 1.0680$ support and 1.0840$ resistance.

Trend forecast: Bearish

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