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The EURUSD price negotiates the resistance – Forecast today - 09-04-2024
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The EURUSD price negotiates the resistance – Forecast today - 09-04-2024
Apr 8, 2024 8:25 PM

EURUSD Price Analysis Expected Scenario The EURUSD price continues to fluctuate around the 1.0860$ level, maintaining its stability below it for now. The stochastic indicator is in the overbought areas, indicating potential motivation for the price to resume the expected bearish trend on the intraday basis, with a target of 1.0765$ as the first station.

On the other hand, breaching the 1.0860$ level and holding above it will invalidate the negative scenario and lead to the formation of a bullish wave, with its first main target at 1.0960$.

Expected Trading Range Between the support at 1.0770$ and the resistance at 1.0920$

Trend Forecast: Bearish

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