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The EURUSD price completes negative pattern – Forecast today - 30-05-2024
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The EURUSD price completes negative pattern – Forecast today - 30-05-2024
May 29, 2024 9:39 PM

EURUSD Price Analysis Expected Scenario The EURUSD price faced clear negative pressure yesterday to break the bullish channels support line and settle below it, and by taking a deeper look at the chart, we find that the price completed forming a double top pattern that supports the chances of continuing the decline and achieve bearish correction for the rise that started from $1.0600 areas, paving the way to achieve negative targets that start by breaking $1.0780 to head towards $1.0713 followed by $1.0670 levels. Therefore, the bearish bias will be suggested in the upcoming sessions, noting that breaching $1.0840 will stop the negative scenario and lead the price to regain the bullish track again. Expected Trading Range Between $1.0710 support and $1.0850 resistance.

Trend Forecast: Bearish

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