The EURUSD pair bounced downwards clearly after approaching our first waited positive target at 1.1145, to surpass 1.1080 and test the intraday bullish channel’s support line that appears on the chart, noticing that stochastic got rid of its negative momentum to enter the oversold areas, and begins to overlap positively now.
Therefore, these factors encourage us to suggest the bullish bias in the upcoming sessions, noting that the next main target reaches 1.1200, while breaking 1.1060 will stop the positive scenario and push the price to turn to decline.
The expected trading range for today is between 1.1000 support and 1.1150 resistance.
The expected trend for today: Bullish
Origin: Economies
