20 Jun 2024
The EURUSD price gets a negative signal – Forecast today - 20-06-2024
EURUSD Price Analysis
Expected Scenario
The EURUSD price traded within a tight range yesterday, affected by the US markets’ holidays. Stochastic overlaps negatively now, waiting to motivate the price to resume the expected bearish trend for the upcoming period, targeting 1.0675$ followed by 1.0600$ levels as next main stations.
The EMA50 keeps supporting the expected decline, which will remain valid conditioned by the price stability below 1.0795$.
Expected Trading Range
Between 1.0660$ support and 1.0800$ resistance.
Trend Forecast: Bearish
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