The EURUSD price attempts to recover – Forecast today - 22-04-2024
Economies.com
2024-04-22 03:42AM UTC
EURUSD Price Analysis
Expected Scenario
- The EURUSD price shows calm positivity, testing the EMA50 as minor resistance.
- Stochastic indicates a loss of positive momentum, suggesting a potential resumption of the bearish trend.
- Initial targets for the expected bearish trend start with a break below $1.0615, aiming for $1.0520.
- Above $1.0715, the decline scenario may be invalidated, with potential recovery targets around $1.0795.
Expected Trading Range
Between $1.0580 support and $1.0725 resistance.
Trend Forecast: Bearish
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