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The EURUSD price approaches the second target – Forecast today - 07-11-2024
The EURUSD price shows some bullish bias after approaching 1.0650$ level in the previous sessions, affected by stochastic current positivity, waiting to get negative motive that assist to push the price to resume the expected bearish trend for the upcoming period, reminding you that our next target reaches 1.0570$.
The EMA50 forms negative pressure against the price to support the expectations to decline, noting that breaching 1.0775$ will stop the bearish wave and lead the price to attempt to recover on the intraday basis.
The expected trading range for today is between 1.0650$ support and 1.0800$ resistance
Trend forecast: Bearish
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