The EURUSD price under the negative pressure – Forecast today - 19-04-2024
Economies.com
2024-04-19 04:19AM UTC
EURUSD Price Analysis
- The EURUSD price trades with clear negativity now to start pressing on the key support 1.0615$ and hint heading to reactivate the bearish wave scenario again, and we suggest breaking this level to open the way to achieve negative targets that start at 1.0520$ and extend to reach the previously recorded low at 1.0450$.
- Therefore, we expect to witness more decline in the upcoming sessions supported by the negative pressure formed by the EMA50, noting that breaching 1.0715$ will stop the bearish trend and lead the price to turn to rise.
The expected trading range for today is between 1.0520$ support and 1.0690$ resistance.
Trend forecast: Bearish
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