The EURUSD pair didn’t show any strong move yesterday affected by the holiday of the American markets, to keep fluctuating near the EMA50, while stochastic provides positive overlapping signal that we wait to motivate the price to resume the bullish bias in the upcoming sessions, keeping the bullish scenario valid and active on the intraday and short term basis, waiting for testing 1.1196 level initially.
We remind you that breaching the targeted level will extend the pair’s gains to reach 1.1356 as a next main station, while the bullish trend will remain active in the upcoming period unless breaking 1.1067 level.
Expected trading range for today is between 1.1067 support and 1.1300 resistance.
Expected trend for today: Bullish