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HomeLatestEURUSD Price Faces Solid Resistance – Forecast for Today, July 4, 2024
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EURUSD Price Faces Solid Resistance – Forecast for Today, July 4, 2024

EURUSD Price Analysis

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Expected Scenario

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The EURUSD price is currently consolidating around the minor resistance at $1.0795, which poses a solid barrier against further upward movements. It is awaiting sufficient positive momentum to break through this level and resume upward momentum, targeting the next resistance level at $1.0840.

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Therefore, we anticipate a continuation of the bullish bias in the upcoming sessions. A successful breach of the mentioned resistance could propel the price towards $1.0915 in the near term. However, a break below $1.0760 would negate the expected rise and potentially initiate a decline.

Expected Trading Range

Support: $1.0720

Resistance: $1.0860

Trend Forecast: Bullish

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