The EURUSD pair hovers around 1.0900 barrier, and the EMA50 continues to form an obstacle against the price, noticing that stochastic got rid of its negative momentum to approach the oversold areas, waiting to motivate the price to resume the expected bullish trend for the upcoming period, reminding you that our waited target is located at 1.0960.
Holding above 1.0860 is important to the continuation of the expected rise, as breaking it will reactivate the negative effect of the head and shoulders’ pattern that appears on the chart and push the price to visit 1.0765 initially.
The expected trading range for today is between 1.0830 support and 1.0980 resistance.
The expected trend for today: Bullish
Origin: Economies
