The EURUSD price hits the first target – Forecast today – 28-11-2024

com-l3The EURUSD price succeeded to touch our waited target at 1.0563$, noticing that the price closed the daily candlestick above this level, which supports the chances of extending the correctional bullish wave to achieve additional gains that reach 1.0634$ as a next main station.

Therefore, we expect to witness positive trades in the upcoming sessions, taking into consideration that failing to consolidate above 1.0563$ will push the price to decline and test 1.0475$ areas before determining the next destination clearly.

Note that the markets might witness weak trades today affected by the US holidays.

The expected trading range for today is between 1.0480$ support and 1.0630$ resistance

Trend forecast: Bullish

Origin: Economies

 

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