The (EURUSD) rose slightly in its last intraday trading, to attack the critical resistance level at 1.1420, which forms an obstacle against resuming the rise, this comes amid the dominance of the bullish trend on the short-term basis, with the trading of the pair alongside a minor bullish bias.

The price is supported by its stability above the EMA50, which reinforces the positive momentum, besides the emergence of positive signals on the (RSI) after exiting the oversold levels, which supports the chances of breaching this resistance and continuing the rise in the upcoming sessions.

Therefore, our expectations suggest more upside movements in (EURUSD) prices in the upcoming intraday trading, conditioned by breaching the mentioned resistance at 1.1420, to target the initial resistance level at 1.1490.

The expected trading range is between 1.1375 support and 1.1475 resistance.

Todays forecast: Bullish