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The EURUSD price forecast update - 22-05-2024
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The EURUSD price forecast update - 22-05-2024
May 22, 2024 3:42 AM

EURUSD Price Analysis Expected Scenario The EURUSD price shows additional bearish bias to reach the bullish channels support line at 1.0845$, and the price needs to break this level to confirm the continuation of the decline and visit 1.0795$ that represents our main expected target, to keep the bearish trend scenario active for today, noting that breaking the targeted level will push the price towards 1.0714$ as a next negative station, while holding below 1.0876$ represents key condition to achieve the suggested targets. Expected Trading Range Between 1.0770$ support and 1.0910$ resistance.

Trend Forecast: Bearish

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