The (EURUSD) price declined slightly on the intraday basis, after reaching 1.1755 key resistance, which represents suggested target in our previous analysis, to begin gathering the gains of its last rises, amid its attempts to rearrange its technical structure and gaining new bullish momentum that might help it to breach this resistance.
This performance is accompanied by the continuation of positive support due to its trading above EMA50, besides the dominance of steep minor bullish wave on short-term basis, indicating the strength of the dominant bullish momentum despite this limited decline.
Therefore, we suggest a rise in (EURUSD)price’s upcoming intraday trading, especially when breaching 1.1755 resistance, to target 1.1800 key resistance.
The expected trading range is between 1.1700 support and 1.1800 resistance.
Today's forecast: Bullish
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