EUR/USD Forecast. The euro price keeps its negative stability – 16-01-2025

eu-l8The EURUSD price tested 1.0325$ level and bounced bearishly from there, to keep the bearish trend scenario valid and active for the upcoming period, waiting to test 1.0220$ initially, reminding you that we need to break this level to confirm rallying towards 1.0100$ as a next negative station.

On the other hand, we should note that breaching 1.0325$ will lead the price to recover and start bullish correction that its targets begin by visiting 1.0455$.

The expected trading range for today is between 1.0200$ support and 1.0360$ resistance

Trend forecast: Bearish

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