FXEM - EMPIRE MARKETS - Company New Article

The price needs to stabilize below 1.2605 to keep the negative trend active, waiting for the resumption of the downtrend whose next main target reaches 1.2400.

While breaking 1.2605 will stop the downtrend and lead the price to achieve additional gains reaching 1.2735 as the next positive station.

EUR/USD price trades rebounded significantly upwards heading towards a possible test of 1.0475 levels, therefore, we expect the price to resume its main bearish path during the upcoming sessions, targeting a visit to 1.0333 initially, noting that breaking this level will push the price towards 1.0250 directly, while the expected decline will remain in place unless 1.0475 is breached and stabilized above it.