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EURUSD 17.9.2024
General Trend: Bullish
Expected Scenario:
The pair is expected to continue its upward trend, supported by strong momentum. If the price manages to break the current resistance around the 1.1172 level, we could see a further rise towards the 1.1200 level.
Alternative Scenario:
If the price fails to surpass the current resistance and a reversal occurs, it may move towards testing the lower support levels, particularly around 1.1045 and 1.1027. If these levels are broken, a deeper decline could be observed.
Key Levels:
- Resistance: 1.1172 – 1.1200
- Support: 1.1045 – 1.1027
Disclosure of risk: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.
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