The EURUSD pair returns to fluctuate near 1.1030 level after yesterday’s decline, and it moves above the intraday bullish trend line that appears in the image, while the EMA50 keeps providing positive support for the price.
Therefore, our bullish trend expectations will remain valid in the upcoming period, targeting 1.1180 level mainly, taking into consideration that breaking 1.0980 will stop the expected rise and pushes the price to return to the main bearish trend.
The expected trading range for today is between 1.0950 support and 1.1120 resistance.
The expected trend for today: Bullish