EURUSD (Bearish Pressure...)

EURUSD New Forecast

The price has decreased and accurately achieved our forecasted target, continuing its downward trend after positioning itself below the critical resistance level of 1.06600. This positions it to potentially reach the next bearish target at 1.0577 and may extend further to 1.0460.

Alternatively, if the daily candle closes above 1.0700, it would signal a shift into a bullish zone.

Pivot Price: 1.0660
Resistance Levels: 1.0730, 1.0795, 1.0870
Support Levels: 1.0575, 1.0460, 1.0400

The price is expected to oscillate between the support at 1.0460 and the resistance at 1.0700.

Overall Trend: Bearish

previous ideas:
EURUSD 1W (Markets Week Ahead)
Supply and DemandSupport and ResistanceTrend Analysis
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