Advertisements
Home News EURUSD Faces Potential Decline, Targets Lower Levels

EURUSD Faces Potential Decline, Targets Lower Levels

by Barbara

The EURUSD exchange rate hovers around the 1.0806$ mark, poised for a potential downtrend that could see it extend losses below this level to target 1.0774$. Further downside momentum may drive the pair towards 1.0735$ in the near term.

Analysts suggest a bearish outlook for the coming sessions, underpinned by downward pressure indicated by the EMA50. A decisive breach above 1.0880$ would invalidate this bearish scenario, potentially signaling a return to a bullish trajectory.

Advertisements
Advertisements

Today’s expected trading range is projected between support at 1.0740$ and resistance at 1.0890$, reflecting ongoing market volatility and potential directional shifts in the EURUSD pair.

Advertisements

You may also like

Rckir is a comprehensive financial portal. The main columns include foreign exchange wealth management, futures wealth management, gold wealth management, stock wealth management, fund wealth management, insurance wealth management, trust wealth management, wealth management knowledge, etc.

【Contact us: [email protected]

© 2023 Copyright Rckir.com [[email protected]]