The EURUSD pair rallied upwards strongly yesterday to breach 1.0550 level and settles above it, to head towards achieving more bullish correction on the intraday basis, on its way to visit 1.0670 that represents 38.2% Fibonacci correction level for the decline that started from 1.1185 areas.
Therefore, the bullish bias will be suggested for today, noting that breaking 1.0550 and holding below it will stop the positive scenario and press on the price to decline again.
The expected trading range for today is between 1.0490 support and 1.0650 resistance.
Origin: Economies
