The EURUSD pair succeeded to touch our waited negative target at 1.2175 by today’s open, noticing that the EMA50 meets this support to add more strength to it, which supports the chances of bouncing bullishly from there areas to resume the main bullish trend again.
Therefore, we expect witnessing positive trades in the upcoming sessions, and the targets begin at 1.2300 followed by 1.2340, noting that breaking 1.2175 will press on the price to test the bullish channel’s support line at 1.2105 before turning back to rise again.
The expected trading range for today is between 1.2120 support and 1.2280 resistance.
The expected trend for today: Bullish
Origin: Economies
