The EURUSD price resumes the decline – Forecast today - 27-03-2024
Economies.com
2024-03-27 02:28AM UTC
EURUSD Price Analysis
The EURUSD price shows calm bearish bias to move away gradually from 1.0860$ level, reinforcing the expectations of continuing the bearish trend, which targets 1.0765$ level initially.
- The negative pressure formed by the EMA50 supports achieving more decline and surpass the mentioned level to achieve additional negative targets that reach 1.0645$.
Therefore, we will continue to suggest the bearish trend for the upcoming period, noting that breaching 1.0860$ will stop the expected decline and lead the price to start recovery attempts that start by visiting 1.0960$ areas.
The expected trading range for today is between 1.0740$ support and 1.0890$ resistance.
Trend forecast: bearish
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