The EURUSD awaits more rise – Analysis - 25-11-2022

The EURUSD pair settles above 1.1400 barrier, showing weak trades since yesterday, noticing that stochastic gains the positive momentum gradually, waiting to motivate the price to resume the expected bullish wave for the upcoming period, which its next target located at 1.0515.

In general, the bullish trend scenario will remain valid and active on the intraday and short term basis unless breaking 1.0285 and holding below it.

The expected trading range for today is between 1.0350 support and 1.0515 resistance.

The expected trend for today: Bullish