The EURUSD reaches the extended target – Analysis - 27-05-2022
The EURUSD pair resumed its positive trading strongly to reach our waited target at 1.0770, getting continuous positive support by the EMA50 that reinforces the chances of surpassing the mentioned level to open the way to achieve additional gains that reach 1.0865.
Therefore, we expect to witness more rise in the upcoming sessions, noting that failing to achieve the required breach will press on the price to test 1.0670 areas before any new attempt to rise.
The expected trading range for today is between 1.0700 support and 1.0850 resistance.
The expected trend for today: Bullish