The EURUSD price forecast update - 28-03-2024

Economies.com
2024-03-28 10:19AM UTC

EURUSD Trading Analysis

  1. The EURUSD price resumes its negative trading to approach our first waited target at 1.0765$, affected by the double top pattern that supports the chances of surpassing the mentioned level to open the way to head towards 1.0645$ as a next negative target.
  2. The EMA50 keeps supporting the suggested bearish wave, which will remain valid unless the price rallied to breach 1.0860$ and hold above it.

Expected Trading Range

  • Support: 1.0730$
  • Resistance: 1.0870$
Trend forecast: bearish

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