The EURUSD price forecast update - 15-05-2024

Economies.com
2024-05-15 09:28AM UTC

EURUSD Price Analysis

Expected Scenario

  • The EURUSD price shows more bullish bias and attempt to return to the bullish channel that appears on the chart, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, waiting to visit 1.0875$ as a first station, reminding you that surpassing this level will extend the bullish wave to reach 1.0975$.
  • In general, the positive scenario will remain valid and active for today unless breaking 1.0795$ and holding below it.

Expected Trading Range

Between 1.0750$ support and 1.0910$ resistance.

Trend Forecast: Bullish

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