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Midday update for the EURUSD 24-01-2024
The EURUSD pair trades with strong positivity to breach 1.0860 level and attempts to confirm surpassing 1.0890 level, to hint heading to recover for the rest of the day, affected by stochastic positivity, but we prefer to stay aside until the price confirms breaching 1.0890 resistance or breaking the support line formed at 1.0860 to detect the next destination clearly.
Note that breaching the resistance will push the price to head towards 1.0960 as a first positive station, while breaking the support will push the price to decline again and target 1.0765 areas on the near-term basis.
The expected trading range for today is between 1.0800 support and 1.0960 resistance.
The expected trend for today: Neutral
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