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EURUSD Forecast Update – 09-07-2024

EURUSD Price Analysis

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Expected Scenario

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The EURUSD price has experienced new declines, aiming towards testing the minor support around 1.0795$. Despite this, stochastic indicators continue to show positive momentum, suggesting potential assistance to push the price higher. The next target for the bullish wave is expected around 1.0840$, with further ambitions to breach towards 1.0915$.

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Therefore, the bullish trend is anticipated to continue for the upcoming period, emphasizing the importance of maintaining support above 1.0760$ to achieve the awaited targets.

Expected Trading Range

  • Support: 1.0760$
  • Resistance: 1.0910$

Trend Forecast: Bullish

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