EUR/USD forecast. The price forecast update – 23-10-2024

eu-l14The EURUSD price shows additional bearish bias to succeed reaching the waited target at 1.0780$, and we suggest breaking this level to achieve additional negative targets that extend to 1.0700$, to keep the bearish trend valid and active for the upcoming period, taking into consideration that failing to break the mentioned level will lead the price to start recovery attempts and test 1.0880$ areas initially.

The expected trading range for today is between 1.0730$ support and 1.0870$ resistance

Trend forecast: Bearish

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