FX.co ★ EUR/USD

Hello traders, in my brief forecast for today regarding the trading instrument EURUSD, 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 sideways. On the 1-hour chart, we see the currency pair EURUSD near the resistance level of 1.15627. Today, I expect a breakout of this resistance level at 1.15627 and further growth of the currency pair towards the next resistance level at 1.15964. If the EURUSD pair manages to break above this resistance level at 1.15964 and hold above it, I will expect further growth of the currency pair towards the next resistance level. However, if the EURUSD pair fails to break above the resistance level at 1.15964 and hold above it, I will expect a pullback of the currency pair towards the support level at 1.15258.