The EURUSD price confirms the breach – Forecast today – 12-07-2024

eur_usd_forex_4The EURUSD price breached 1.0840$ level strongly to touch 1.0900$ barrier, to support the continuation of the expected bullish trend for the upcoming period, and the way is open to achieve our waited target at 1.0915$, noting that breaching it will push the price towards 1.0980$ as a next positive station.

The EMA50 keeps supporting the suggested bullish wave, while stochastic attempts to get rid of its negative momentum and gain the positive momentum that supports the expectations of achieving more gains, noting that breaking 1.0840$ will put the price under intraday negative pressure that targets testing 1.0795$ and might extend to 1.0720$ before any new attempt to rise.

The expected trading range for today is between 1.0800$ support and 1.0950$ resistance.

Trend forecast: Bullish

Origin: Economies

 

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