The EURUSD pair consolidates above the bearish channel’s support line, which might push the price to achieve intraday gains before turning back to decline, with chances to test 1.1375 level initially.
Therefore, the bullish bias will be suggested for the upcoming sessions, noting that the expected rise is temporary, waiting to resume the overall bearish trend that its next main target located at 1.1145, taking into consideration that breaching 1.1375 will lead the price to achieve additional gains that reach 1.1525 as a next main station.
The expected trading range for today is between 1.1250 support and 1.1400 resistance.
The expected trend for today: Bullish temporarily