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The EURUSD price begins negatively – Forecast today - 31-05-2024
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The EURUSD price begins negatively – Forecast today - 31-05-2024
May 30, 2024 9:40 PM

EURUSD Price Analysis Expected Scenario The EURUSD price retested the previously broken support line of the bullish channel and bounced bearishly from there, noticing that the price begins to provide clear negative trades now to move below 23.6% Fibonacci correction level, which supports the expectations of continuing the domination of the bearish correction in the upcoming sessions, which targets 1.0780$ followed by 1.0713$ levels as next main stations. Stochastic overlaps negatively to motive the price to provide more bearish bias in the upcoming sessions, noting that breaching 1.0850$ will stop the suggested decline and push the price back to the bullish track again. Expected Trading Range Between 1.0730$ support and 1.0870$ resistance.

Trend Forecast: Bearish

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