The EURUSD price forecast update - 29-04-2024

Expected Scenario

• The EURUSD price surpassed the 1.0715$ level and closed the last four hours’ candlestick above it
• This supports the morning suggested positive scenario and reinforces the chances of continuing the bullish bias for the rest of the day
• Waiting to test 1.0795$ as the next main station
• Anticipating more expected rise on the intraday basis
• Noting that breaking 1.0715$ and holding below it will push the price to turn to decline and build an intraday bearish wave targeting 1.0615$ areas initially

Expected Trading Range

Between the support at 1.0660$ and the resistance at 1.0800$

Trend Forecast: Bullish