The EURUSD confirms the breach – Analysis - 26-03-2020

The EURUSD pair managed to confirm breaching 1.0840 level after closing the daily candlestick above it, starting today with clear bullish bias to approach our waited target at 1.0966, which represents 38.2% Fibonacci correction for the decline measured from 1.1498 to 1.0637, which means that breaching it will extend the correctional bullish wave to reach 1.1067.

The bullish channel continues to organize the intraday trades, which supports the chances of continuing the bullish trend domination in the upcoming sessions, taking into consideration that holding above 1.0840 is required to achieve the suggested positive targets.

The expected trading range for today is between 1.0840 support and 1.1020 resistance.

The expected trend for today: Bullish