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The EURUSD price approaches the first target – Forecast today - 24-05-2024
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The EURUSD price approaches the first target – Forecast today - 24-05-2024
May 23, 2024 9:36 PM

Price Analysis for EURUSD Expected Scenario The EURUSD price keeps declining to reach the thresholds of the first waited target at 1.0795$, and we believe that the way is open to break this level and open the way to head towards 1.0714$ as a next negative station, as the price is affected by the previously completed double top pattern, which supports the chances of continuing the decline in the upcoming sessions. Therefore, the bearish trend will remain dominant on the intraday basis, reminding you that breaching 1.0876$ will stop the expected decline and lead the price to regain the bullish trend within the bullish channel again. Expected Trading Range Between 1.0730$ support and 1.0870$ resistance.

Trend Forecast: Bearish

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