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The EURUSD price hits the first extended target – Forecast today - 17-06-2024
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The EURUSD price hits the first extended target – Forecast today - 17-06-2024
Jun 16, 2024 9:47 PM

EURUSD Price Analysis Expected Scenario The EURUSD price finds solid support at the 1.0675$ level, showing some slight bullish bias influenced by stochastic positivity. However, the EMA50 exerts negative pressure, supporting the continuation of the expected bearish trend on the intraday basis, targeting 1.0600$ as the next main station. Therefore, the bearish trend scenario will remain valid for the upcoming period, noting that breaching 1.0795$ will halt the expected decline and lead the price to recover again. Expected Trading Range Between support at 1.0630$ and resistance at 1.0760$

Trend Forecast: Bearish

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