The EURUSD pair bounced bearishly after reaching 1.1900 barrier yesterday, to test the bullish channel’s support line that appears on the chart, noticing that the EMA50 meets this support to add more strength to it, while stochastic reaches the oversold areas now.
Therefore, these factors encourage us to suggest the bullish bias for the upcoming period, waiting to head towards 1.2011 that represents our next main target, noting that breaking 1.1825 will stop the expected rise and press on the price to decline towards 1.1720 before any new attempt to rise.
The expected trading range for today is between 1.1770 support and 1.1950 resistance.
The expected trend for today: Bullish
Origin: Economies
