The (EURUSD) rose in its last intraday trading, taking advantage of its bullish rebound from the critical support at 1.1745, which stopped the last decline, supported by the momentum that comes from the price stability above EMA50, which indicates the continuation of the dynamic support for the price move.

Offloading the overbought conditions that appear on the (RSI) assisted to open the way for the bullish move, reinforcing the possibility for the continuation of the gains in the upcoming moves, affected by the effect of the main bullish trend on the short-term basis, and its trading alongside w bias line that indicates the strength of the bullish trend.

Therefore, our expectations for the (EURUSD) suggest a rise in the intraday levels, conditioned by its stability above the support of 1.1745, to target the resistance at 1.1880.

The expected trading range is between 1.1700 support and 1.1880 resistance.

Todays forecast: Bullish