There is a possibility of a downward movement in the EURUSD currency price-eur usd forecast today-2-10-2024
EURUSD Forecast today: Upon examining the EUR/USD price chart, it is evident that the price has experienced a strong downward trend after touching the resistance level of 1.1200 over the past two days, dropping to the 1.1050 level. Currently, the price is at 1.1060, with resistance levels at 1.1090 (Resistance 1) and 1.1125 (Resistance 2). Additionally, the price of 1.1030 serves as immediate short-term support.
EUR/USD Forecast:
The EUR/USD may break below the 1.1030 level, targeting the next support at 1.0980. Alternatively, the price could rise towards 1.1090, potentially making a U-turn and heading downward again towards our bearish target. Conversely, if the price rises above 1.1120 and maintains that position, it may climb back to the strong resistance level of 1.1200.
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