The EURUSD pair rose strongly yesterday after leaning on the EMA50, to reach 1.1660 areas, reinforcing the expectations of continuing the bullish trend that moves organized inside the bullish channel that appears on chart, waiting for more rise to test this channel's resistance at 1.1725.
Stochastic current negativity might cause some temporary sideways fluctuation before resuming the expected bullish trend, which will remain valid unless breaking 1.1485 and the most important 1.1418.
Expected trading range for today is between 1.1550 support and 1.1725 resistance.
Expected trend for today: Bullish