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The EURUSD price surpasses the first target – Forecast today - 16-05-2024
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The EURUSD price surpasses the first target – Forecast today - 16-05-2024
May 15, 2024 9:27 PM

EURUSD Price Analysis Expected Scenario The EURUSD price continued to rise yesterday to breach the 1.0875$ level and close the daily candlestick above it, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, opening the way to head towards 1.0975$ that represents our next main target. The bullish channel carries the price to achieve more expected gains on the intraday and short-term basis, noting that breaking 1.0875$ will stop the suggested rise and push the price to turn to decline. Expected Trading Range Between 1.0820$ support and 1.0975$ resistance.

Trend Forecast: Bullish

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