EURUSD / Key Levels and Scenarios for Upcoming Movements
Updated
EUR/USD Analysis: Key Scenarios and Expected Movements
Next Outlook:
The EUR/USD pair is currently exhibiting a downward trend with potential fluctuations based on upcoming economic indicators and market sentiment.
Bullish Scenario:
For a bullish trend to be confirmed, the price needs to stabilize above the pivot line at 1.08620. If this occurs, the pair could target the resistance levels at 1.09172 and potentially 1.09924.
Bearish Scenario:
The bearish trend will continue as long as the price remains below the pivot line at 1.08620. Stabilizing below this level could push the price down to the support levels at 1.07960 and further towards 1.07073.
Key Levels:
- **Pivot Line:** 1.08620
- **Resistance Levels:** 1.09172, 1.09924
- **Support Levels:** 1.07960, 1.07073, 1.06164
Today's Expected Range:
The price is anticipated to fluctuate between the support at 1.07960 and the resistance at 1.09172, with a bearish inclination.
Next Outlook:
The EUR/USD pair is currently exhibiting a downward trend with potential fluctuations based on upcoming economic indicators and market sentiment.
Bullish Scenario:
For a bullish trend to be confirmed, the price needs to stabilize above the pivot line at 1.08620. If this occurs, the pair could target the resistance levels at 1.09172 and potentially 1.09924.
Bearish Scenario:
The bearish trend will continue as long as the price remains below the pivot line at 1.08620. Stabilizing below this level could push the price down to the support levels at 1.07960 and further towards 1.07073.
Key Levels:
- **Pivot Line:** 1.08620
- **Resistance Levels:** 1.09172, 1.09924
- **Support Levels:** 1.07960, 1.07073, 1.06164
Today's Expected Range:
The price is anticipated to fluctuate between the support at 1.07960 and the resistance at 1.09172, with a bearish inclination.
Note
The price dropped and still running to get the support lines we mentioned aboveNote
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