The EURUSD price rallied upwards strongly by the end of yesterday’s trading to breach 1.0860$ level and approaches 1.0960$ now, as we notice that the price leaned above the breached neckline of the previously completed inverted head and shoulders’ pattern and resumed the positive effect of this pattern, on its way to achieve expected gains in the upcoming sessions, and the targets begin by surpassing 1.0960$ to open the way to head towards 1.1080$ as a next main station.
Therefore, the bullish trend is expected for today, taking into consideration that failing to breach 1.0960$ will stop the suggested rise and push the price to decline again.
The expected trading range for today is between 1.0840$ support and 1.1020$ resistance.
Trend forecast: Bullish
Origin: Economies
