The EURUSD pair settles around 1.1815 level, moving inside a bullish channel that supports the chances of achieving more rise in the upcoming sessions, to keep the bullish trend scenario valid and active on the intraday and short term basis, which its targets begin at 1.1870 and extend to 1.2011 after surpassing the previous level.
Stochastic current negativity might cause temporary sideways fluctuation until the price manages to gain enough positive momentum to push trades to achieve the suggested targets, noting that the continuation of the bullish trend conditions holding above 1.1770 and the most important above 1.1720.
On the other hand, we should note that the markets might witness calm trades today, affected by the US holidays.
The expected trading range for today is between 1.1750 support and 1.1900 resistance.
The expected trend for today: Bullish
Origin: Economies
