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The EURUSD price tests the resistance – Forecast today - 14-05-2024
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The EURUSD price tests the resistance – Forecast today - 14-05-2024
May 13, 2024 9:26 PM

EURUSD Price Analysis Expected Scenario The EURUSD price tested the 1.0795$ level and kept its stability below it, noticing that stochastic begins to overlap negatively now, waiting to motivate the price to resume the expected bearish trend on the intraday basis, which targets 1.0715$ followed by 1.0615$ levels as next main stations.

Holding below 1.0795$ is important to the continuation of the suggested decline, as breaching it will lead the price to return to the broken bullish channel and achieve gains that start by visiting 1.0875$ areas.

Expected Trading Range Between the support at 1.0700$ and the resistance at 1.0840$

Trend Forecast: Bearish

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