The EURUSD price forecast update - 08-05-2024
Economies.com
2024-05-08 09:35AM UTC
EURUSD Price Analysis
Expected Scenario
- The EURUSD price settles below the intraday bullish channel’s support line.
- Waiting for more decline to visit 1.0715$ level as a first negative station.
- Breaking this level will extend the bearish wave to reach 1.0615$.
Expected Trading Range
Between 1.0650$ support and 1.0800$ resistance.
Trend Forecast: Bearish
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