21 Jun 2024
The EURUSD price awaits more decline – Forecast today - 21-06-2024
EURUSD Price Analysis
Expected Scenario
The EURUSD price ended yesterday below 1.0720$ level, and the EMA50 keeps pressing negatively on the price, waiting for the continuation of the decline to achieve our negative targets that start at 1.0675$ and extend to 1.0600$.
Stochastic current positivity might cause some temporary bullish bias before resuming the expected bearish trend, which will remain valid unless the price rallied to breach 1.0795$ and hold above it.
Expected Trading Range
Between 1.0640$ support and 1.0790$ resistance.
Trend Forecast: Bearish
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