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The EURUSD price forecast update - 13-05-2024
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The EURUSD price forecast update - 13-05-2024
May 13, 2024 5:26 AM

EURUSD Expected Scenario The EURUSD price trades positively now to approach testing the key resistance 1.0795$, affected by stochastic positivity, and as we mentioned this morning, the price needs to hold below this level to keep the bearish trend active for today, as breaching it will push the price to achieve additional gains that reach 1.0875$, while the expected targets of the bearish wave start at 1.0715$ and extend to 1.0615$ after breaking the previous level. Expected Trading Range Between 1.0690$ support and 1.0840$ resistance.

Trend Forecast: Bearish

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