The EURUSD price forecast update - 11-06-2024

Economies.com
2024-06-11 09:21AM UTC

EURUSD Price Analysis

Expected Scenario

  • The EURUSD price is testing the key support 1.0760$ now, and as we mentioned this morning, holding above this level is required to keep the bullish trend active for today, which targets 1.0795$ followed by 1.0840$ levels.
  • Stochastic negativity interprets the reasons of the current bearish bias, noting that breaking 1.0760$ will put the price under new negative pressure to head towards testing 1.0720$ followed by 1.0675$ levels.

Expected Trading Range

Between 1.0700$ support and 1.0850$ resistance.

Trend Forecast: Bullish

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