EURUSD Price Analysis: Bullish Momentum Ahead

by Daisy

The EURUSD pair has demonstrated a bullish rebound, finding strong support at the EMA50. This positive movement suggests a potential return to the bullish channel. The forecast indicates that the EURUSD could continue its upward trajectory, aiming to surpass the initial target of $1.0915. Achieving this milestone would pave the way for the next target of $1.1015.

Expected Trading Range

Support Level: $1.0830


Resistance Level: $1.0970


Trend Forecast: Bullish

The technical indicators and current market conditions support a bullish outlook for the EURUSD in the upcoming period. Traders should watch for a break above $1.0915 to confirm the continuation of the bullish trend.

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