EURUSD Price Analysis
Expected Scenario
- The EURUSD price finds solid support at the 1.0675$ level, showing some slight bullish bias influenced by stochastic positivity. However, the EMA50 exerts negative pressure, supporting the continuation of the expected bearish trend on the intraday basis, targeting 1.0600$ as the next main station.
- Therefore, the bearish trend scenario will remain valid for the upcoming period, noting that breaching 1.0795$ will halt the expected decline and lead the price to recover again.
Expected Trading Range
Between support at 1.0630$ and resistance at 1.0760$