The EURUSD price forecast update - 19-03-2024
Economies.com
2024-03-19 09:29AM UTC
The EURUSD price breaks 1.0860 level now to reinforce the expectations of continuing the bearish trend domination for the rest of the day, opening the way to head towards our main waited target at 1.0765, affected by the double top pattern that appears on the chart.
Moving below the EMA50 adds more support to the expected bearish wave, taking into consideration that failing to consolidate below 1.0860 might lead the price to start recovery attempts and build intraday bullish wave that targets testing 1.0960 areas initially.
The expected trading range for today is between 1.0780 support and 1.0920 resistance.
Trend forecast: Bearish
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