The EURUSD pair begins today’s trading with bullish bias after leaning on the intraday bullish channel’s support line that appears on the chart, getting good positive support by the EMA50, while stochastic provides positive signals on the four hours’ time frame.
Therefore, the bullish trend scenario will remain valid for the upcoming period, which targets 1.1870 followed by 1.2011 levels as next main stations, while holding above 1.1720 represents key condition for its continuation.
The expected trading range for today is between 1.1700 support and 1.1860 resistance.
The expected trend for today: Bullish
Origin: Economies
