EUR/USD forecast. The price within sideways track – 18-12-2024

forex_news3The EURUSD price fluctuates within sideways in the previous sessions, moving below the EMA50 that continues to form negative pressure against the price, thus, no change to the expected bearish trend scenario for the upcoming period, which its targets begin by breaking 1.0475$ to open the way to visit 1.0400$ as a next negative station.

We remind you that the continuation of the bearish wave depends on the price stability below 1.0563$.

The expected trading range for today is between 1.0430$ support and 1.0570$ resistance

Trend forecast: Bearish

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