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The EURUSD price breaks the channel’s support line – Forecast today - 23-05-2024
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The EURUSD price breaks the channel’s support line – Forecast today - 23-05-2024
May 22, 2024 9:36 PM

EURUSD Price Analysis Expected Scenario The EURUSD price confirmed breaking the bullish channels support line after ending yesterday below it, and by taking a deeper look at the chart, we find that the price completed forming double top pattern that has negative targets that surpass 1.0795$ to open the way to achieve additional decline that might reach 1.0714$ areas. Therefore, we will continue to suggest the bearish trend for the upcoming period, reminding you that breaching 1.0876$ will stop the negative scenario and lead the price to regain the main bullish track again. Expected Trading Range Between 1.0740$ support and 1.0890$ resistance

Trend Forecast: Bearish

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