The EURUSD price confirms the break – Forecast today - 16-04-2024
Economies.com
2024-04-16 03:55AM UTC
EURUSD Price Analysis
- The EURUSD price ended yesterday below the 1.0645$ level, confirming the break and indicating further decline on the intraday and short-term basis. The next negative targets are expected to be at 1.0525$ followed by 1.0450$ levels.
- The EMA50 continues to support the bearish momentum and exert negative pressure on the price. It's worth noting that breaching the 1.0645$ level will halt the current decline and lead to intraday recovery attempts targeting testing the 1.0765$ areas initially.
The expected trading range for today is between the 1.0520$ support and 1.0670$ resistance.
Trend forecast: Bearish
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