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The EURUSD price resumes the decline – Forecast today - 28-10-2024
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The EURUSD price resumes the decline – Forecast today - 28-10-2024
Nov 3, 2024 12:15 PM

The EURUSD price shows more bearish bias to approach 1.0760$ level, to suggest resuming the main bearish trend in the upcoming sessions, noting that breaking this level will push the price towards 1.0700$ followed by 1.0650$ levels as next negative stations.

Therefore, we expect to witness more decline today, supported by the negative pressure formed by the EMA50, noting that the consolidation of 1.0760$ level against the current decline will lead the price to recover again and head to test 1.0865$ initially.

The expected trading range for today is between 1.0700$ support and 1.0850$ resistance

Trend forecast: Bearish

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