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The EURUSD price surpasses the first target – Forecast today - 11-04-2024
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The EURUSD price surpasses the first target – Forecast today - 11-04-2024
Apr 11, 2024 12:26 AM

EURUSD Price Analysis Expected Scenario The EURUSD price confirmed breaking the 1.0765$ level after closing the daily candlestick below it, indicating a continuation of the bearish trend on the intraday and short-term basis. Moving below the EMA50 supports the suggested negative scenario, with possible temporary sideways fluctuation influenced by stochastic positivity before resuming the expected decline. Expected Outcome Breaching 1.0765$ will halt the bearish wave and initiate price recovery attempts, targeting the testing of 1.0860$ areas initially.

Expected Trading Range Between 1.0655$ support and 1.0810$ resistance.

Trend Forecast: Bearish

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