EUR/USD Forecast. The euro keeps its negative stability – 29-01-2024

EUR/USD прогноз Евро Доллар на 29 октября 2019: снижение к отметке 1,10The EURUSD pair ended last Friday below 1.0860 level, to keep the negative effect of the head and shoulders’ pattern active, waiting for more decline in the upcoming sessions, supported by the negative overlapping signal provided by stochastic now, waiting to visit 1.0765 as a next target.

The EMA50 continues to press negatively on the price to support the continuation of the expected bearish trend, which will remain valid unless the price rallied to breach 1.0860 followed by 1.0890 levels and hold above them.

The expected trading range for today is between 1.0750 support and 1.0900 resistance.

The expected trend for today: Bearish

Origin: Economies

 

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