The EUR/USD continues to rise – Analysis – 26/11/2020

news_22_feb_2_euro_usdThe EURUSD pair shows more bullish bias to crawl gradually towards our main waited target at 1.2011, organized inside the bullish channel that appears on the chart, to keep the bullish trend scenario valid and active in the upcoming sessions, noting that breaching the mentioned level will extend the bullish wave on the medium term basis.

The EMA50 keeps supporting the suggested positive scenario, which will remain valid conditioned by the price stability above 1.1845.

The expected trading range for today is between 1.1845 support and 1.2030 resistance.

The expected trend for today: Bullish

Origin: Economies

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