The EURUSD pair begins today’s trading with new rise to surpass 1.1300 barrier and moves away from it, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, and the way is open to head towards our waited target at 1.1420, noting that the EMA50 continues to support the price from below.
Therefore, we are waiting for more rise in the upcoming sessions, reminding you that the continuation of the bullish wave conditions holding above 1.1270.
The expected trading range for today is between 1.1250 support and 1.1420 resistance.
The expected trend for today: Bullish