Projections show a Bullish outlook for this currency pair in today's trading. Traders who anticipate upward movement may consider Long positions once the price surpasses the '2023.2'. This breakthrough could lead to the achievement of the first target 2031.5 and potentially extend to 2039.2. Further upside potential exists, with the price possibly reaching 2047.6 before the end of today's trading session.
However, should the price breach below the '2023.2', it may indicate a shift in market sentiment, prompting traders to consider Short positions. In such a scenario, the price may retrace towards the first support level 2015.5 and subsequently level off at 2007.2. A sharper decline towards 1999.4 is also foreseen earlier than today's closing session.
Anticipations indicate a Bearish bias for this currency pair today. Traders looking to benefit from this downward momentum may consider Short positions if the price falls below the '77.4'. Once this level is breached, the first target 76.3 becomes attainable, followed by the second target 75.6. Furthermore, it is even possible for the price to decline towards 74.6 before the end of today's market session.
Nonetheless, a breakthrough above the '77.4' could indicate a potential reversal, leading to Long positions. In such a scenario, the price could rise towards the first resistance level 78.1 and perhaps test 79.2. A more substantial increase towards 79.8 is also possible before the market closes today.
Caution: Navigate volatile financial markets during Economic News with care. Stay informed, manage risk, and make wise trading decisions. Daily CFD Technical Analysis in this page is all generated by Frustrader AI System and does not intend to provide any Trading Signals. However, our trusted tools and expert insights can help you navigate the choppy waters of market fluctuations. Prepare for uncertainty and seize opportunities with confidence.