FX.co ★ EUR/USD

Hello traders, in my brief forecast for today on the EURUSD trading instrument, I expect further growth of the currency pair towards the next resistance level. Most indicators on the hourly timeframe point to an increase in the currency pair towards the next resistance level. The overall trend on the 1-hour chart remains bullish. On the 1-hour chart, we can see the EURUSD pair near the resistance level of 1.19273. Today, I expect a breakout of this resistance level at 1.19273 and further growth of the currency pair towards the next resistance level at 1.19584. If the EURUSD pair manages to break above this resistance level at 1.19584 and hold above it, I will expect further growth towards the next resistance level. However, if the EURUSD pair fails to break above the 1.19584 resistance level and hold above it, I will expect a pullback of the currency pair towards the support level at 1.18965.