EURUSD: Forecast to medium-term analysis
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Currently, in today's trading session, the downward trend continues, despite some price adjustments that indicate a potential peak forming at 1.0933. The current support level is around 1.0816. If this level is breached, it may cause EURUSD to decline further, possibly reaching the level of 1.0750.
In the near future, it is expected that the interest rates in the US will increase, which will lead to a depreciation of this currency pair.
From the 12-hour chart, although EURUSD is trading relatively calmly with a consolidating status, the potential for a price decline is still being firmly reinforced. The EMA signal converges along with the downward trend as a resistance level for the price increase of EURUSD. The target for further price decline is emphasized.
Currently, in today's trading session, the downward trend continues, despite some price adjustments that indicate a potential peak forming at 1.0933. The current support level is around 1.0816. If this level is breached, it may cause EURUSD to decline further, possibly reaching the level of 1.0750.
In the near future, it is expected that the interest rates in the US will increase, which will lead to a depreciation of this currency pair.
From the 12-hour chart, although EURUSD is trading relatively calmly with a consolidating status, the potential for a price decline is still being firmly reinforced. The EMA signal converges along with the downward trend as a resistance level for the price increase of EURUSD. The target for further price decline is emphasized.
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