The EURUSD price continues to fluctuate around 1.1165$ level and attempts to consolidate above it, noticing that stochastic shows positive signals now, waiting to motivate the price to resume the expected bullish trend for the upcoming period, which its next target located at 1.1275$
The bullish channel continues to organize the suggested bullish wave, which gets continuous support by the EMA50, reminding you that breaking 1.1165$ will push the price to test the bullish channel’s support line around 1.1075$ before any new attempt to rise.
The expected trading range for today is between 1.1100$ support and 1.1250$ resistance.
Trend forecast: Bullish
