The EURUSD pair provided additional negative trades yesterday to approach 1.0860 level, noticing that the price begins to recover by today’s open, motivated by stochastic positivity, which supports the chances of turning back to resume the bullish trend, which its targets begin by testing 1.0960 level, noting that breaching this level will push the price to 1.1080 on the near-term basis.
Therefore, we suggest witnessing positive trades today, and the price needs to surpass 1.0920 level to ease the mission to rise, noting that breaking 1.0860 wills top the bullish trend and push the price to suffer new losses.
The expected trading range for today is between 1.0850 support and 1.0990 resistance.
The expected trend for today: Bullish
Origin: Economies
