The EURUSD pair found a strong base at the bullish channel’s support that appears in the image, to bounce higher in attempt to rise on the short term basis, and according to the trading rules within the price channels, the price in its way to form bullish wave that targets levels that begin at 1.1356 and extend to the previously recorded top at 1.1614.
Therefore, we expect that the bullish trend will control the upcoming trading unless breaking 1.1006 level and holding below it, pointing that breaching 1.1196 level will ease achieving the mentioned targets.
Expected trading range for today is between 1.1066 support and 1.1250 resistance.
Expected trend for today: Bullish