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The EURUSD price is recovering – Forecast today - 28-05-2024
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The EURUSD price is recovering – Forecast today - 28-05-2024
May 27, 2024 9:39 PM

EURUSD Price Analysis Expected Scenario The EURUSD price starts today with clear positivity, testing the 1.0876$ level and aiming to breach it, signaling a potential resumption of the bullish trend within the bullish channel visible on the chart. After leaning on the support line of this channel, the price targets gains up to 1.0976$ as the next major station. Bullish bias is expected in the upcoming sessions, supported by the EMA50, but failing to breach 1.0876$ may lead to a bearish rebound towards 1.0825$ and then 1.0795$. Expected Trading Range Between 1.0810$ support and 1.0960$ resistance.

Trend Forecast: Bullish

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