The EURUSD price shows mixed trades – Forecast today - 29-04-2024
Economies.com
2024-04-29 03:31AM UTC
EURUSD Price Analysis
- The EURUSD price ended last Friday below 1.0715$ level, but we notice that the EMA50 formed good support to stop the decline and push the price to start recovery attempts by today’s open, accompanied by witnessing positive overlapping signal through stochastic now.
- Therefore, we believe that the chances valid to rise in the upcoming sessions, and the price needs to confirm breaching 1.0715$ to open the way to visit 1.0795$ as a first positive target, noting that breaking 1.0695 will stop the expected rise and push the price to turn to decline.
The expected trading range for today is between 1.0660$ support and 1.0800$ resistance.
Trend forecast: Bullish
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