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The EURUSD price under the negative pressure – Forecast today - 12-06-2024
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The EURUSD price under the negative pressure – Forecast today - 12-06-2024
Jun 11, 2024 9:45 PM

EURUSD Price Analysis Expected Scenario The EURUSD price ended yesterday with clear negativity, as it confirmed breaking 1.0760$ level to fall under expected negative pressure in the upcoming sessions, its targets begin by breaking 1.0720$ to confirm extending the bearish wave towards 1.0675$ followed by 1.0600$ levels. Therefore, we expect to witness more bearish bias on the intraday basis, noting that breaching 1.0760$ followed by 1.0795$ will stop the expected decline and lead the price to attempt to return to the bullish track again. Expected Trading Range Between 1.0660$ support and 1.0800$ resistance.

Trend Forecast: Bearish

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