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The EURUSD price forecast update - 21-05-2024
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The EURUSD price forecast update - 21-05-2024
May 21, 2024 3:41 AM

EURUSD Price Analysis Expected Scenario The EURUSD price shows sideways trades to test the key resistance 1.0876$, affected by stochastic positivity, which urges caution from the upcoming trading, as the price needs to hold below this level to keep the bearish trend scenario active, which its next target located at 1.0795$. On the other hand, we should note that the continuation of the rise and breaching 1.0876$ will push the price to achieve additional gains that reach 1.0976$. Expected Trading Range Between 1.0770$ support and 1.0910$ resistance.

Trend Forecast: Bearish

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