The (EURUSD) rose sharply in its last intraday trading, attacking the key resistance at 1.1600, taking advantage of breaching its EMA50, that formed a technical barrier against the extension of the bullish trend, this breach reinforced the positive momentum and pushed the price to record strong gains, amid the continuation of the main bullish trend on the short-term basis and its move alongside a clear bias line.

This bullish move accompanied with the emergence of supported signals from the (RSI) indicators, which are in overbought levels, but it remains reinforcing the chances for the continuation of the rise on the near- term basis.

Therefore, our expectations for the (EURUSD)on the upcoming intraday trading suggest a rise, if it breaches the mentioned resistance at 1.1600, to target its next target at 1.1680.

The expected trading range is between 1.1530 support and 1.1680 resistance.

Todays forecast: Bullish