The EURUSD price forecast update - 19-04-2024

Economies.com
2024-04-19 10:43AM UTC

EURUSD Price Analysis

Expected Scenario

  • The EURUSD price finds solid support at the 1.0615$ level, showing some bullish bias now, affected by stochastic positivity.
  • It might head to test the key resistance at 1.0715$ before declining again.

Outcome Description

Until now, the bearish trend scenario still active as long as the mentioned resistance remains intact, supported by the EMA50.

Breaking 1.0615$ is required to open the way to head towards our first awaited target at 1.0520$.

Expected Trading Range

Between 1.0520$ support and 1.0690$ resistance.

Trend Forecast: Bearish

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