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The EURUSD price loses momentum – Forecast today - 26-03-2024
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The EURUSD price loses momentum – Forecast today - 26-03-2024
Mar 26, 2024 12:19 AM

EURUSD Price Analysis The EURUSD price settles at the broken neckline of the double top pattern, maintaining stability below it. This situation keeps the negative effect of the pattern active, waiting to resume the expected bearish trend on the intraday basis. Our first target is located at 1.0765$. Stochastic loses its positive momentum, reaching overbought areas, indicating a potential decline in the price. The mentioned pattern has negative targets, surpassing the mentioned level to reach 1.0690$. We continue to suggest the bearish trend unless the price rallies to breach 1.0860$ and holds above it. Expected Trading Range for Today:

Support: 1.0720$ Resistance: 1.0870$ Trend Forecast: Bearish

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