EUR/USD Forecast. The euro attempts positively – 27-09-2024

forex_news_euro_6The EURUSD price provided more positive trades to attempt to approach 1.1200$ level, waiting to get additional positive momentum that assist to push the price to continue the rise and breach this level to open the way to achieve additional gains that extend to 1.1300$.

Therefore, we will continue to suggest the bullish trend for the upcoming period supported by the EMA50, noting that breaking 1.1100$ will stop the bullish track and push the price to start new bearish correction on the intraday basis.

The expected trading range for today is between 1.1100$ support and 1.1255$ resistance.

Trend forecast: Bullish

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