The EURUSD price tests the support – Forecast today -
Economies.com
2024-03-19 02:23AM UTC
The EURUSD price trades negatively to start testing the key support 1.0860, affected by the previously completed double top pattern to support the chances of surpassing this level and confirm extending the bearish wave to reach 1.0765 as a next main target.
Therefore, we will continue to suggest the bearish trend for the upcoming period, supported by the negative pressure formed by the EMA50, noting that breaching 1.0900 followed by 1.0960 levels will stop the expected decline and lead the price to rise again and achieve new gains that reach 1.1080.
The expected trading range for today is between 1.0780 support and 1.0920 resistance.
Trend forecast: Bearish
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