The EURUSD pair confirmed breaching 1.1080 level after closing yesterday above it, to reinforce the expectations of continuing the bullish trend on the intraday and short-term basis, opening the way to achieve more gains, which start at 1.1145 followed by 1.1200.
Therefore, we will continue to suggest the bullish trend for the upcoming period, supported by the EMA50, it might be preceded by some sideways fluctuation affected by stochastic negativity, noting that breaking 1.1080 will stop the positive scenario and push the price to turn to decline.
The expected trading range for today is between 1.1060 support and 1.1200 resistance.
The expected trend for today: Bullish
Origin: Economies
