EUR/USD Forecast. The euro awaits more rise – 15-12-2023

eur-usdThe EURUSD pair keeps its stability above 1.0960 level, to keep the bullish trend scenario valid for the upcoming period, reminding you that our next target is located at 1.1080.

Stochastic negativity interprets the reasons of the current sideways fluctuation, waiting to gather enough positive momentum to resume the suggested bullish wave, noting that breaking 1.0960 will stop the expected rise and push the price to turn to decline.

The expected trading range for today is between 1.0930 support and 1.1080 resistance.

The expected trend for today: Bullish

Origin: Economies

 

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