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The EURUSD price forecast update - 11-04-2024

Economies.com
2024-04-11 11:08 UTC

EURUSD Price Analysis

Expected Scenario

  • The EURUSD pair shows new negative trades now, in attempt to resume the expected bearish trend for today, and we believe that the way is open to target 1.0645$ as a next main station, waiting to get negative motive that assist to push the price to achieve the expected target.
  • The EMA50 continues to support the expected bearish wave, which will remain valid unless breaching 1.0765$ and holding above it.

Expected Trading Range

Between 1.0655$ support and 1.0810$ resistance.

Trend Forecast: Bearish

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