Advertisements

EURUSD Faces Firm Resistance, Bulls Eye Higher Targets

by Daisy

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

Advertisements

The trading range is expected to oscillate between support at $1.0720 and resistance at $1.0860.

Advertisements

You May Also Like

blank

Futuresstocktrading.com is a comprehensive futures information portal. Whether you’re a novice or seasoned trader, find futures news, futures market, futures trading tips, and futures basic knowledge to enhance your trading prowess and financial success.

[Contact us: [email protected]]

© 2023 Copyright  Futuresstocktrading.com – Futures Market, Investment, Trading & News