Forex Technical Analysis and Forex Forecast

Image Credit: Google  Image Credit: Google 

The EURUSD pair is expected to decline further in the near term as indicated by the negative momentum indicators. 

Image Credit: Google 

The next downside target is seen at 1.0600 followed by 1.0500.

Image Credit: Google 

On the other hand, the USDJPY pair is expected to rebound higher in the near term as indicated by the positive momentum indicators. 

Image Credit: Google 

The next upside target is seen at 108.00 followed by 109.00.

Image Credit: Google 

After completing the descending structure at 0.9982, EURUSD is growing towards 1.0057 and may later fall to return to 0.9982.

Image Credit: Google 

Thus forming a wide consolidation range around the latter level. 

Image Credit: Google 

The market is likely to remain choppy within this range in the near term, before breaking out either to the upside or downside.

Image Credit: Google 

If the price breaks this range to the downside, the market may resume moving downwards with the target at 0.9800.

Image Credit: Google 

If the price breaks this range to the upside, the market may resume moving upwards with the target at 1.0097.

Image Credit: Google 

Click Below For More Web Stories

Click Here