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The EURUSD price attempts positively – Forecast today - 18-06-2024
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The EURUSD price attempts positively – Forecast today - 18-06-2024
Jun 17, 2024 9:48 PM

EURUSD Price Analysis Expected Scenario The EURUSD price continued to rise yesterday to surpass the $1.0720 level, but we notice that the price begins today with bearish bias to press on this level, as it is affected by stochastic negativity that appears clearly now, waiting to resume the expected bearish trend on the intraday basis, which targets $1.0675 followed by $1.0600 levels as next main stations. Therefore, we will continue to suggest the bearish trend for the upcoming period supported by the negative pressure formed by the EMA50 unless the price rallied to breach $1.0795 and hold above it. Expected Trading Range Between $1.0640 support and $1.0780 resistance.

Trend Forecast: Bearish

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