The EURUSD price loses momentum – Forecast today - 23-04-2024
Economies.com
2024-04-23 03:50AM UTC
EURUSD Price Analysis
Expected Scenario
- The EURUSD price remains around the 1.0650$ level, with stochastic gradually losing positive momentum and the EMA50 exerting negative pressure on the price.
- Therefore, the bearish outlook remains valid, awaiting a break below 1.0615$ to confirm a decline towards 1.0520$ as the next target. However, breaking above 1.0715$ would invalidate the downward trend and signal potential gains towards 1.0795$.
Expected Trading Range
Between the support at 1.0580$ and the resistance at 1.0725$
Trend Forecast: Bearish
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