The EURUSD price provided slight negative trades yesterday to test 1.0900 barrier, noticing that the EMA50 formed good support against the price, to protect the expected positive scenario on the intraday and short-term basis, which is affected by the inverted head and shoulders’ pattern that appears on the chart, reminding you that we are waiting to breach 1.0960 to confirm rallying towards 1.1080 as a next main station.
Note that breaching 1.0935 will provide positive motive that assist to push the price to activate the bullish wave and achieve the expected targets, while on the other hand, we should note that breaking 1.0860 will stop the bullish trend and push the price to turn to decline.
The expected trading range for today is between 1.0860 support and 1.1020 resistance.
Trend forecast: Bullish
Origin: Economies
