EUR/USD Forecast. The euro confirms the break – 11-10-2024 – ForexNews.PRO
The EURUSD price confirmed breaking 1.0940$ level after closing the daily candlestick below it, to support the continuation of the bearish trend and open the way to achieve more negative targets in the upcoming period, as we are waiting to visit 1.0880$ followed by 1.0780$ levels as next main stations.
Stochastic loses its positive momentum to support the expectations of continuing the decline, taking into consideration that breaching 1.0940$ will motivate the price to achieve more gains and might head to test 1.0990$ followed by 1.1040$ areas before any new attempt to decline.
The expected trading range for today is between 1.0850$ support and 1.1010$ resistance.
Trend forecast: Bearish
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