Expected Scenario
The EURUSD price is currently consolidating around the minor resistance at $1.0795, which poses a solid barrier against further upward movements. It is awaiting sufficient positive momentum to break through this level and resume upward momentum, targeting the next resistance level at $1.0840.
Therefore, we anticipate a continuation of the bullish bias in the upcoming sessions. A successful breach of the mentioned resistance could propel the price towards $1.0915 in the near term. However, a break below $1.0760 would negate the expected rise and potentially initiate a decline.
Expected Trading Range
Support: $1.0720
Resistance: $1.0860
Trend Forecast: Bullish
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