The EURUSD price shows more bullish bias to keep approaching the waited target at 1.1140$, moving within bullish track that supports the chances of achieving more gains that we expect to extend to 1.1240$ followed by 1.1275$.
Stochastic current negativity might cause some temporary sideways fluctuation until the price manages to gather enough positive momentum to resume the bullish wave and achieve the suggested targets, noting that breaking 1.1085$ will push the price to decline and test the bullish channel’s support line around 1.1000$ before any new attempt to rise.
The expected trading range for today is between 1.1050$ support and 1.1200$ resistance.
Trend forecast: Bullish
Origin: Economies
