The EURUSD pair begins today’s trading with slight bearish bias after approaching the intraday bullish channel’s resistance, on its way to test the key support formed at 1.1180, as the price is affected by stochastic negativity.
In general, we will continue to suggest the bullish trend as long as the price is stable above the mentioned level, as breaking it will press on the price to achieve additional decline to target 1.1115 and might extend to 1.1045 areas before any new attempt to rise, while the main targets of the expected bullish wave located at 1.1280 and extend to 1.1418.
The expected trading range for today is between 1.1140 support and 1.1280 resistance.
The expected trend for today: Bullish
Origin: Economies
