EURUSD Price Analysis
Expected Scenario
The EURUSD price continues to fluctuate around the 1.0860$ level, maintaining its stability below it for now. The stochastic indicator is in the overbought areas, indicating potential motivation for the price to resume the expected bearish trend on the intraday basis, with a target of 1.0765$ as the first station.
On the other hand, breaching the 1.0860$ level and holding above it will invalidate the negative scenario and lead to the formation of a bullish wave, with its first main target at 1.0960$.
Expected Trading Range
Between the support at 1.0770$ and the resistance at 1.0920$
Trend Forecast: Bearish
Origin: Economies
