The EURUSD price continues to fluctuate at the key support 1.1165$ and still consolidated above it, waiting to get positive motive that pushes the price to resume the bullish wave that its next target reaches 1.1290$.
The EMA50 keeps supporting the expected positive scenario, noting that breaking 1.1165$ will put the price under intraday negative pressure to head towards testing the bullish channel’s support line around 1.1095$ before any new attempt to rise.
The expected trading range for today is between 1.1100$ support and 1.1240$ resistance.
Trend forecast: Bullish
Origin: Economies
