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The EURUSD price needs a negative motive – Forecast today - 24-06-2024
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The EURUSD price needs a negative motive – Forecast today - 24-06-2024
Jun 23, 2024 9:50 PM

EURUSD Price Analysis Expected Scenario The EURUSD price settles near 1.0675$ support line, waiting to break this level to confirm the continuation of the bearish wave on the intraday basis, with its next target located at 1.0600$. Stochastic beings to lose the positive momentum gradually, while the EMA50 forms continuous negative pressure against the price, suggesting a bearish trend for the upcoming period. Breaking above 1.0720$ would push the price to test the most important resistance to the intraday trades at 1.0795$ before any new attempt to decline. Expected Trading Range Between 1.0610$ support and 1.0760$ resistance.

Trend Forecast: Bearish

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