The EURUSD price is stable – Forecast today - 09-05-2024
Economies.com
2024-05-09 03:41AM UTC
EURUSD Price Analysis
Forecasts and Analysis
- The EURUSD price remained stable around the EMA50 without any significant movement yesterday.
- The bearish overview remains unchanged, with targets at 1.0715$ and extending to 1.0615$ after breaking the previous level.
- Stochastic is gradually losing positive momentum, supporting expectations for a decline.
- This bearish scenario will remain active as long as the price stays below 1.0795$.
Expected Trading Range
The expected trading range for today is between 1.0650$ support and 1.0800$ resistance.
Trend Forecast: Bearish
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