Expected Scenario
The EURUSD price has experienced new declines, aiming towards testing the minor support around 1.0795$. Despite this, stochastic indicators continue to show positive momentum, suggesting potential assistance to push the price higher. The next target for the bullish wave is expected around 1.0840$, with further ambitions to breach towards 1.0915$.
Therefore, the bullish trend is anticipated to continue for the upcoming period, emphasizing the importance of maintaining support above 1.0760$ to achieve the awaited targets.
Expected Trading Range
- Support: 1.0760$
- Resistance: 1.0910$
Trend Forecast: Bullish
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