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The EURUSD price places lower high – Forecast today - 21-05-2024
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The EURUSD price places lower high – Forecast today - 21-05-2024
May 20, 2024 9:35 PM

EURUSD Price Analysis Expected Scenario The EURUSD price crawls downwards, noticing that the price placed lower high recently, which supports the expectations of continuing the domination of the bearish trend in the upcoming sessions, noting that breaking 1.0835$ will provide negative motive that support the expectations of targeting 1.0795$ that represents our next main station. Therefore, the bearish trend scenario will remain active, and breaking the targeted level will extend the bearish wave to reach 1.0715$ as a next target, while breaching 1.0876$ will stop the expected decline and lead the price to resume the bullish track within the bullish channel that appears on the chart. Expected Trading Range Between 1.0770$ support and 1.0910$ resistance.

Trend Forecast: Bearish

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