EUR/USD Technical Analysis: Banks Predict Stable Trading Range Ahead

Monday, 30 September 2024, 02:34

EUR/USD technical analysis suggests that the currency pair is likely to trade between 1.1130 and 1.1195 as predicted by banks. This forecast highlights a stable trading pattern expected for the Euro against the US Dollar, signaling potential strategies for traders. Monitoring these levels will be crucial in decision making.
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EUR/USD Technical Analysis: Banks Predict Stable Trading Range Ahead

Current EUR/USD Technical Analysis

The EUR/USD pair is expected to maintain a trading range that falls between 1.1130 and 1.1195, according to insights from banks. This range is significant as it reflects market stability in the near term.

Long-Term EUR/USD Projections

In the longer term, the EUR appears to have entered a broader trading phase, likely fluctuating between 1.1060 and 1.1215. This projection indicates a sustained interest from financial institutions in assessing market movements.

  • Current trading range: 1.1130 to 1.1195
  • Long-term range: 1.1060 to 1.1215
  • Strategy considerations for investors

Ongoing technical analysis remains essential for traders looking to make informed decisions in the EUR/USD market.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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