The EURUSD pair consolidated above the key support 1.0860, to start trading positively again, and attempts to surpass the minor resistance 1.0890 now, to keep the bullish trend scenario active on the intraday basis, which targets testing 1.0960 as a first station.
Stochastic overlaps positively to support the expectations to rise in the upcoming sessions, noting that breaking 1.0860 will stop the bullish trend and push the price to resume the effect of the head and shoulders’ pattern that appears on the chart and rally towards 1.0765 direct.
The expected trading range for today is between 1.0820 support and 1.0980 resistance.
The expected trend for today: Bullish
Origin: Economies
