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The EURUSD price keeps its negative stability – Forecast today - 17-04-2024
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The EURUSD price keeps its negative stability – Forecast today - 17-04-2024
Apr 17, 2024 12:29 AM

EURUSD Price Analysis Expected Scenario The EURUSD price settles below the 1.0645$ level, and stochastic attempts to get rid of its negative momentum, while the EMA50 continues to press negatively on the price. Therefore, we believe that the chances are valid to resume the expected bearish trend on the intraday and short-term basis, which targets 1.0525$ followed by 1.0450$ levels as next main stations, noting that breaching 1.0645$ will stop the expected decline and lead the price to start recovery attempts and head to test 1.0765$ areas initially. Expected Trading Range Between 1.0540$ support and 1.0690$ resistance.

Trend Forecast: Bearish

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