The EURUSD pair achieved strong breach to 1.0938 level on last Friday and settled above it, which stops the recently suggested negative scenario and lead the price for recovery attempts on the intraday and short term basis, to begin the positive targets by testing 1.1067 level, which breaching it represents the key to extend the pair's gains to reach 1.1196.
Therefore, the bullish bias will be suggested in the upcoming sessions supported by the EMA50, taking into consideration that breaking 1.0938 level will push the price to decline again and target 1.0778 areas as a next main station.
Expected trading range for today is between 1.0900 support and 1.1067 resistance.
Expected trend for today: Bullish