The EURUSD price forecast update - 30-04-2024
Economies.com
2024-04-30 09:23AM UTC
EURUSD Price Analysis
Expected Scenario
- The EURUSD price shows new negative trades to press on the bearish flag pattern’s support line mentioned this morning.
- This reinforces the expectations of continuing the bearish trend for the rest of the day, waiting to confirm the activation of the negative effect of the mentioned pattern followed by rallying towards our expected target at 1.0615$.
- Stochastic supports the expectations to decline, which will remain valid unless breaching 1.0715$ and holding above it.
Expected Trading Range
Between the support at 1.0620$ and the resistance at 1.0770$.
Trend Forecast: Bearish
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