The EURUSD price keeps its negative stability – Forecast today - 17-04-2024

EURUSD Price Analysis

Expected Scenario

• The EURUSD price settles below the 1.0645$ level, and stochastic attempts to get rid of its negative momentum, while the EMA50 continues to press negatively on the price.
• Therefore, we believe that the chances are valid to resume the expected bearish trend on the intraday and short-term basis, which targets 1.0525$ followed by 1.0450$ levels as next main stations, noting that breaching 1.0645$ will stop the expected decline and lead the price to start recovery attempts and head to test 1.0765$ areas initially.

Expected Trading Range

Between 1.0540$ support and 1.0690$ resistance.