Latest Articles

GBPJPY Breaks Resistance – Forecast for March 5, 2025

The GBPJPY currency pair experienced a strong bullish rally on Tuesday, breaking through the bearish channel's resistance at 190.55. This breakout led to significant...
HomeFOREXEUR/USD Price Forecast Update: Bullish Momentum Expected

EUR/USD Price Forecast Update: Bullish Momentum Expected

The EUR/USD pair is currently settled above the $1.0563 level, awaiting the accumulation of positive momentum to drive the price higher and resume the anticipated correctional bullish wave for today. This follows the completion of an inverted head and shoulders pattern on the chart. The first targets to watch are $1.0635, followed by $1.0706.

The bullish trend is expected to continue for today, provided that the price remains above the $1.0563 level. A break below this level, accompanied by a daily close below it, would shift the outlook.

The anticipated trading range for today is between support at $1.0500 and resistance at $1.0670.

Trend Forecast: Bullish

Related topics: