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The EURUSD price forecast update - 31-05-2024
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The EURUSD price forecast update - 31-05-2024
May 31, 2024 5:40 AM

Price Analysis: EURUSD Expected Scenario The EURUSD price returns to rise again to head towards expected test to the key resistance 1.0850$, which urges caution from the upcoming trading, as continuing the rise and surpassing this level will push the price to turn to rise and achieve positive targets that start by testing 1.0895$. The price needs to break 1.0810$ to revive the correctional bearish trend scenario that its targets begin at 1.0785$ and extend to 1.0713$ after breaking the previous level. Expected Trading Range Between 1.0730$ support and 1.0870$ resistance.

Trend Forecast: Bearish

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