EURUSD is attempting to breach key resistance at 1.1670, forming a positive technical formation on a short-term basis
Expectations suggest a rise in trading, especially upon breaching resistance at 1.1670, with a target of 1.1770
The expected trading range is between 1.1595 support and 1.1730 resistance, with a bullish forecast for the day
The (EURUSD) rose in its last intraday trading, amid its attempts to gain a bullish momentum that might assist it to breach the key and stubborn resistance at 1,1670, to indicate forming positive technical formation on the short-term basis which is the flag pattern, amid the continuation of the positive pressure that comes from its trading above EMA50, with the emergence of the positive signals on the (RSI).
Therefore, our expectations for the (EURUSD) suggest a rise in the upcoming trading, especially when breaching the mentioned resistance at 1.1670, to target its critical resistance level at 1.1770.
The expected trading range is between 1.1595 support and 1.1730 resistance.
Today’s forecast: Bullish
