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The EURUSD price forecast update - 20-06-2024
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The EURUSD price forecast update - 20-06-2024
Jun 20, 2024 4:07 AM

EURUSD Price Analysis Expected Scenario The EURUSD price trades with clear negativity to break 1.0720$ and settles below it, reinforcing the expectations of continuing the bearish trend for the rest of the day, motivated by stochastic negativity, waiting to test 1.0675$ followed by 1.0600$ levels mainly. Holding below 1.0795$ represents major condition to the continuation of the expected decline, as breaching it will lead the price to recover and build bullish wave that its next main target reaches 1.0915$. Expected Trading Range Between 1.0660$ support and 1.0800$ resistance.

Trend Forecast: Bearish

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