The EURUSD price forecast update - 12-04-2024
Economies.com
2024-04-12 10:53AM UTC
EUR/USD Pair Price Analysis
Expected Scenario
- The EUR/USD pair resumes its negative trading clearly to succeed reaching our waited target at 1.0645$, and we suggest surpassing this level to open the way to achieve additional negative targets that start at 1.0525$ and extend to 1.0450$ mainly.
- Therefore, the bearish bias will remain dominant in the upcoming sessions unless the price rallied to breach 1.0765$ and hold above it.
Expected Trading Range
Between 1.0600$ support and 1.0720$ resistance.
Trend Forecast: Bearish
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