The EURUSD pair rallied upwards strongly yesterday to breach 1.0860 level and close the daily candlestick above it, to activate the bullish trend scenario on the intraday basis, on its way to test 1.0960 initially, noting that the price completed forming positive pattern that we expect to push the price to surpass the mentioned level and achieve additional gains in the upcoming sessions.
Therefore, we expect to witness more rise today, noting that breaking 1.0860 will stop the bullish trend and put the price under expected negative pressure on the intraday basis.
The expected trading range for today is between 1.0850 support and 1.1000 resistance.
The expected trend for today: Bullish
Origin: Economies
