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The EURUSD price is stable – Forecast today - 09-05-2024
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The EURUSD price is stable – Forecast today - 09-05-2024
May 8, 2024 9:24 PM

EURUSD Price Analysis Forecasts and Analysis The EURUSD price remained stable around the EMA50 without any significant movement yesterday. The bearish overview remains unchanged, with targets at 1.0715$ and extending to 1.0615$ after breaking the previous level. Stochastic is gradually losing positive momentum, supporting expectations for a decline. This bearish scenario will remain active as long as the price stays below 1.0795$. Expected Trading Range The expected trading range for today is between 1.0650$ support and 1.0800$ resistance.

Trend Forecast: Bearish

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