The EURUSD price settles around 1.1140$ level after the bullish rally that it witnessed in the previous sessions, waiting to gather positive momentum that assist to push the price to resume the bullish trend and head to visit the bullish channel’s resistance line around 1.1225$ as a next main target.
The EMA50 continues to provide the positive support to the price to reinforce the expectations of continuing the rise in the upcoming period, noting that breaking 1.1120$ will put the price under intraday negative pressure to head towards testing 1.1030$ before any new attempt to rise.
The expected trading range for today is between 1.1060$ support and 1.1220$ resistance.
Trend forecast: Bullish
Origin: Economies
