The EURUSD price breaches the resistance – Forecast today - 26-04-2024
Economies.com
2024-04-26 03:57AM UTC
EURUSD Price Analysis
Expected Scenario
- The EURUSD price ended yesterday above the 1.0715$ level, paving the way to build a bullish wave on the intraday basis.
- Our first target is located at 1.0795$, with a note that breaching this level will push the price towards 1.0875$ as the next positive station.
- The bullish bias will be suggested in the upcoming sessions, supported by the EMA50.
- Breaking 1.0715$ and trading below it again will reactivate the bearish wave, with its next target reaching 1.0615$.
Expected Trading Range
Between the support at 1.0660$ and the resistance at 1.0800$.
Trend Forecast: Bullish
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