The pair continues to rally positively attempting now to settle above 89.00, as building support base above this level solidifies our bullish expectations, while our targets still around 90.00 and 90.50
EMA50 supports the bullish wave from below, taking into consideration that its important to monitor the price action when hitting the targets, as a downside bounce might appear due to these levels’ strength and sensitivity.
Expected trading range for today is between: 88.00 support and 90.50 resistance.
Expected trend for today: Bullish