The EURUSD pair rallies upwards after confirming breaching the bullish pennant’s resistance that appears on the chart, reinforcing the continuation of our bullish overview efficiently in the upcoming period, to approach our first target that rises now to 1.2355, noting that breaching this level represents the key to rally towards 1.2500 as a next target.
Therefore, the bullish trend will remain valid and active for today unless breaking 1.2235 level and holding below it, noting that the EMA50 keeps supporting the suggested bullish wave.
Expected trading range for today is between 1.2260 support and 1.2430 resistance.
Expected trend for today: Bullish