The EURUSD pair tests the intraday bullish channel’s support line that appears on the chart, and the EMA50 meets this support to add more strength to it, while stochastic gains the positive momentum gradually.
Therefore, these factors encourage us to continue suggesting the bullish trend for the upcoming period, which targets 1.1870 followed by 1.2011 levels as next main stations, noting that breaking 1.1785 will press on the price to test the most important support at 1.1720 before any new attempt to rise.
The expected trading range for today is between 1.1720 support and 1.1900 resistance.
The expected trend for today: Bullish
Origin: Economies
