The EURUSD pair succeeded to trade above 1.1264 level, after the strong decline that we mentioned in our last technical update, to close the daily candlestick above this level, keeping our bullish trend expectations valid until now, supported by stochastic and the EMA50 positivity.
Therefore, we believe that the chances available for heading towards our main targets that begin at 1.1360 and extend to 1.1494, reminding you that breaking 1.1264 level and holding below it will push the price to test the critical support at 1.1120 before any new attempt to rise.
Expected trading range for today is between 1.1200 support and 1.1400 resistance.
Expected trend for today: Bullish