The EURUSD price provided more positive trades to breach 1.0563$ level and close the daily candlestick above it, and by taking a deeper look at the chart, we find that the price completed forming inverted head and shoulders’ pattern that supports the chances of achieving more bullish correction in the upcoming sessions, to head towards achieving positive targets that start at 1.0635$ and extend to 1.0706$.

Therefore, the bullish trend will be suggested for today, supported by moving above the EMA50, noting that breaking 1.0563$ and holding below it will stop the expected positive scenario and push the price to decline again.

The expected trading range for today is between 1.0500$ support and 1.0670$ resistance

Trend forecast: Bullish

IOTAUSDT currency price inched higher in the intraday levels, amid the dominance of the upward short-term trend, with positive pressure from trading above the 50-day SMA, however, the candles had tails in recent days, a sign of weakness in the upward trend, especially as trading volumes tanked, while negative signals stream from the RSI after reaching overbought levels. 

Therefore we stand neutral on the price until it moves on the $0.4200 support, and if it holds, the price might target the resistance of $0.6156, but a breach of the support would raise pressures and send the price into a declining correctional phase. 

Trend forecast for today: Neutral  

Polygon’s currency price (MATICUSDT) edged down in the intraday levels after the current resistance of $0.7555 held on, with the price gathering momentum to pierce that barrier, amid the dominance of the upward correctional trend in the short term, with positive signals from the RSI despite reaching overbought levels, while the price is boosted by trading above the 50-day SMA. 

Therefore we expect the price to rise, especially if the aforementioned resistance of $0.7555 is reliably breached, thus targeting the next one at $0.9457. 

Trend forecast for today: Bullish 

Zcash’s currency price (ZECUSDT) gained ground in the intraday levels after collecting profits in recent trading, while venting off overbought saturation in the RSI with negative signals streaming out of it, amid the dominance of the main upward trend in the medium term, with positive pressure due to trading above the 50-day SMA. 

Therefore we expect the price to rise and target the resistance of $82.80, provided the support of $58.38 holds on.

Trend forecast for today: Likely Bullish