The EURUSD price forecast update - 17-04-2024
Economies.com
2024-04-17 09:24AM UTC
Trend Forecast for EURUSD
Expected Scenario upon Breaching 1.0645$ Level
- The EURUSD price trades positively and attempts to breach 1.0645$ level.
- Confirming the breach will push the price to build a bullish wave.
- The target for the upward movement is set at 1.0765$.
Expected Scenario in Case of Failing to Breach 1.0645$ Level
- The price needs to consolidate below 1.0645$ to resume the expected bearish trend for today.
- Our next target is located at 1.0525$.
Expected trading range for today: Between 1.0540$ support and 1.0690$ resistance.
Trend forecast: Bearish
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