EUR/USD Forecast. The euro under the negative pressure – 11-12-2024

eur_usd_forex_4The EURUSD price provided more negative trades yesterday to confirm the domination of the bearish trend on the intraday basis, waiting to test 1.0475$ as a first negative target, reminding you that breaking it will push the price to visit 1.0400$ direct.

Therefore, we are waiting for more expected decline in the upcoming sessions, noting that breaching 1.0563$ will stop the negative scenario and push the price to achieve additional bullish correction that its next target reaches 1.0635$.

The expected trading range for today is between 1.0450$ support and 1.0600$ resistance

Trend forecast: Bearish

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