Hello everyone, The EUR/USD pair touched the level of 1.0949 and found strong resistance there, and it may have to have some temporary bearish bias until it obtains a positive incentive that pushes the price to exceed this level and then opens the way to rush toward our next positive station, which reaches 1.0988.
Therefore, we continue to favor the upward trend for the coming period, taking into account that failure to achieve the required breakthrough may force the price to decline to test the 1.0860 areas before any new attempt to rise.
Pivot Price: 1.0949
Resistance prices: 1.0988 & 1.1043 & 1.1075
Support prices: 1.0860 & 1.0835 & 1.0801
The general trend expected for today is bullish
Therefore, we continue to favor the upward trend for the coming period, taking into account that failure to achieve the required breakthrough may force the price to decline to test the 1.0860 areas before any new attempt to rise.
Pivot Price: 1.0949
Resistance prices: 1.0988 & 1.1043 & 1.1075
Support prices: 1.0860 & 1.0835 & 1.0801
The general trend expected for today is bullish
