The EURUSD price forecast update - 24-05-2024

Economies.com
2024-05-24 09:12AM UTC

EURUSD Price Analysis

Expected Scenario

  • The EURUSD price shows some bullish bias to test the EMA50 that forms minor resistance against the price, waiting to resume the negative trades to achieve our targets that start at 1.0795$ and extend to 1.0714$ after breaking the previous level.
  • In general, we will continue to suggest the bearish trend for today unless the price rallied to breach 1.0876$ and hold above it.

Expected Trading Range

Between 1.0730$ support and 1.0870$ resistance.

Trend Forecast: Bearish

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