In my brief forecast for today, regarding the EURUSD instrument, I expect an increase in the currency pair. Some indicators on the hourly time frame point to an upward movement of the currency pair. The overall trend on the 1-hour timeframe remains bullish. On the 1-hour chart, we see the currency pair near the resistance level of 1.07564. Today, I expect a breakout of this resistance level and further growth of the currency pair towards the next resistance level at 1.07564. Upon reaching this resistance level, I will expect a pullback of the currency pair. If the currency pair manages to break above this resistance level of 1.07564 and hold above it, then I will expect further growth of the currency pair towards the next resistance level.
Comments: