The EURUSD price surpasses the first target – Forecast today - 11-04-2024
Economies.com
2024-04-11 04:18AM UTC
EURUSD Price Analysis
Expected Scenario
- The EURUSD price confirmed breaking the 1.0765$ level after closing the daily candlestick below it, indicating a continuation of the bearish trend on the intraday and short-term basis.
- Moving below the EMA50 supports the suggested negative scenario, with possible temporary sideways fluctuation influenced by stochastic positivity before resuming the expected decline.
Expected Outcome
Breaching 1.0765$ will halt the bearish wave and initiate price recovery attempts, targeting the testing of 1.0860$ areas initially.
Expected Trading Range
Between 1.0655$ support and 1.0810$ resistance.
Trend Forecast: Bearish
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