Current Market Condition
EUR/USD is trading at 1.08432.
The price is approaching a resistance zone around 1.08550.
The support level is near 1.07800.
Forecasted Movement
1. Bearish Scenario (More Likely Based on Chart)
If the price fails to break above 1.08550, we may see a rejection and a pullback toward the 1.07800 support level.
If 1.07800 breaks, further downside movement could push the price lower toward 1.07500.
2. Bullish Scenario (Less Likely Unless Resistance Breaks)
If EUR/USD breaks above 1.08550, buyers may push the price toward 1.08800–1.09000.
A breakout above 1.09000 could confirm a trend reversal to the upside.
EUR/USD is trading at 1.08432.
The price is approaching a resistance zone around 1.08550.
The support level is near 1.07800.
Forecasted Movement
1. Bearish Scenario (More Likely Based on Chart)
If the price fails to break above 1.08550, we may see a rejection and a pullback toward the 1.07800 support level.
If 1.07800 breaks, further downside movement could push the price lower toward 1.07500.
2. Bullish Scenario (Less Likely Unless Resistance Breaks)
If EUR/USD breaks above 1.08550, buyers may push the price toward 1.08800–1.09000.
A breakout above 1.09000 could confirm a trend reversal to the upside.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.