The EURUSD price needs strong negative motive – Forecast today - 28-03-2024
Economies.com
2024-03-28 03:08AM UTC
EURUSD Price Analysis
Bearish Scenario
- The EURUSD price fluctuates with slight negativity.
- Attempts to move away from the broken neckline of the double top pattern.
- Falling under negative pressure formed by the EMA50.
- Supports the continuation of the expected bearish trend on the intraday basis.
- Targets begin by testing 1.0765$ level.
- Continue to suggest the bearish trend on the intraday basis.
- Above-mentioned pattern’s targets extend to 1.0645$ after surpassing the first target.
- Breaching 1.0865$ will stop the expected decline and lead the price to turn to rise.
Trading Range
The expected trading range for today is between 1.0730$ support and 1.0870$ resistance.
Trend forecast: bearish
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