The EURUSD pair begins today’s trading with new positivity to breach the minor bearish channel’s resistance that appears on the chart and settles above it, which leads the price to achieve more expected gains in the upcoming period, to activate the bullish trend scenario that its targets begin at 1.2300 followed by 1.2375.
The EMA50 supports the expected rise, which will remain valid unless breaking 1.2175 followed by 1.2145 levels and holding below them.
The expected trading range for today is between 1.2145 support and 1.2300 resistance.
The expected trend for today: Bullish
Origin: Economies
