The EURUSD pair managed to breach 1.1975 level and closed the daily candlestick above it, which support the expectations of continuing the rise on the intraday and short term basis, waiting to head towards 1.2064 that represents our next main target.
Therefore, we will continue to suggest the bullish trend for the upcoming period supported by the EMA50, noting that breaking 1.1975 might put the price under negative pressure that targets testing 1.1880 areas before any new attempt to rise.
The expected trading range for today is between 1.1900 support and 1.2070 resistance.
The expected trend for today: Bullish