The EURUSD rallies upwards – Analysis - 23-01-2023

The EURUSD pair opened today’s trading with strong positivity to approach our waited target at 1.0915, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, and we believe that the way is open to achieve additional gains that reach 1.1030.

The EMA50 provides continuous positive support to the price, to keep our bullish overview on the intraday and short term basis, noting that breaking 1.0830 will press on the price to test the key support 1.0745 before any new attempt to rise.

The expected trading range for today is between 1.0830 support and 1.0990 resistance.

The expected trend for today: Bullish