The market sentiment for this currency pair appears to be Bearish today. Traders may consider initiating Short positions sooner the price falls below the '2025.3'. The initial target level 2020.2 could be initially attained, coupled with the second target level 2016.3. Eventually, there is a chance for the price to advance further and reach 2011.2 before the trading day concludes.
Contrarily, breaking above the price '2025.3' could evidently signify a potential shift in sentiment, prompting traders to consider Long positions. In such a case, the price might rise towards the first resistance level 2029.2 and potentially test 2034.3. A stronger increase towards 2038.3 is also possible before the end of today's trading session.
The prevailing market sentiment indicates a Bullish bias for this instrument today. Traders who expect upward movement may consider Long positions right after the price jumps above the '77.4'. This breakthrough could lead to the attainment of the first target level 78.2, coupled with the second target level 78.7. Further push might even lead the price towards 79.5 before the day gets over.
Oppositely, breaking lower the price '77.4' could indicate a potential reversal, getting traders to consider Short positions. In this format, not only may the price fly towards the first support level 76.9 , but it may also see 76.1. A more substantial decline towards 75.6 is also on the way to get the session over.
Caution: Navigate volatile financial markets during Economic News with care. Stay informed, manage risk, and make wise trading decisions. Intraday CFD Technical Levels in this page are all generated by Frustrader AI System and do 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.