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The EURUSD price loses momentum – Forecast today - 23-04-2024
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The EURUSD price loses momentum – Forecast today - 23-04-2024
Apr 23, 2024 12:31 AM

EURUSD Price Analysis Expected Scenario The EURUSD price remains around the 1.0650$ level, with stochastic gradually losing positive momentum and the EMA50 exerting negative pressure on the price. Therefore, the bearish outlook remains valid, awaiting a break below 1.0615$ to confirm a decline towards 1.0520$ as the next target. However, breaking above 1.0715$ would invalidate the downward trend and signal potential gains towards 1.0795$. Expected Trading Range Between the support at 1.0580$ and the resistance at 1.0725$

Trend Forecast: Bearish

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