EUR/USD Forecast. The price resumes the decline – 20-12-2024

eur_usd_forex_2The EURUSD price bounced bearishly after testing 1.0400$ barrier in the previous sessions, to approach 1.0333$ level again, and the price needs to break this level to rally towards 1.0250$ that represents our next negative target.

Therefore, we will continue to suggest the bearish trend for the upcoming period, noting that breaching 1.0420$ followed by 1.0475$ levels will stop the bearish wave and lead the price to turn to rise.

The expected trading range for today is between 1.0275$ support and 1.0420$ resistance

Trend forecast: Bearish

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