The EURUSD achieves more gains – Analysis - 30-03-2020

The EURUSD pair confirmed breaching 1.1067 level and rallied to approach our waited target at 1.1170, showing some bearish bias after touching the intraday bullish channel’s resistance that appears on the chart, and it might test the support base formed above 1.1067 after breaching it previously before resuming the bullish bias.

The EMA50 keeps supporting the price from below, to suggest the continuation of the bullish trend in the upcoming sessions, noting that breaching 1.1170 will push the price to 1.1295 as a next positive station, taking into consideration that breaking 1.0966 will stop the positive scenario and presses on the price to return to the main bearish track again.

The expected trading range for today is between 1.1000 support and 1.1200 resistance.

The expected trend for today: Bullish