The EURUSD exchange rate encounters significant resistance as it hovers near the minor barrier at $1.0795. This level poses a formidable challenge to upward movements, awaiting a substantial bullish push to breach and advance towards $1.0840, the next critical target. Analysts anticipate a sustained bullish trend in upcoming sessions, with a breach of $1.0795 likely propelling prices towards $1.0915 in the short term. Conversely, a drop below $1.0760 could stymie the anticipated gains, leading to potential declines.
Projected Trading Range
The trading range is expected to oscillate between support at $1.0720 and resistance at $1.0860.