The EURUSD price rebounds from the resistance – Forecast today – 05-04-2024

eu-l20EURUSD Price Analysis

Expected Scenario
The EURUSD price bounced bearishly after testing 1.0860$ level, which formed solid resistance against the price, pushing it to decline in the upcoming sessions, on its way to test 1.0765$ as the next main station.

Therefore, the bearish bias will be suggested for today, supported by stochastic current negativity. Breaching 1.0860$ will stop the negative scenario and lead the price to recover and achieve gains that start by visiting 1.0960$.

Expected Trading Range
Between 1.0750$ support and 1.0900$ resistance.

Trend Forecast: Bearish

Origin: Economies

Рейтинг FOREX брокеров

Рекомендуемые брокеры


 

Leave a Reply