The EURUSD price forecast update - 29-04-2024
Economies.com
2024-04-29 09:53AM UTC
Expected Scenario
- The EURUSD price surpassed the 1.0715$ level and closed the last four hours’ candlestick above it
- This supports the morning suggested positive scenario and reinforces the chances of continuing the bullish bias for the rest of the day
- Waiting to test 1.0795$ as the next main station
- Anticipating more expected rise on the intraday basis
- Noting that breaking 1.0715$ and holding below it will push the price to turn to decline and build an intraday bearish wave targeting 1.0615$ areas initially
Expected Trading Range
Between the support at 1.0660$ and the resistance at 1.0800$
Trend Forecast: Bullish
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