The (EURUSD) settled low in its last intraday trading, after reaching our morning target at the resistance level at 1.1490, bouncing lower in attempt to gain positive momentum that might assist to breach it, to offload its overbought conditions on the (RSI).

This comes amid the dominance of the bullish trend and its trading alongside a minor bias line on the short-term basis, reinforcing the chances for regaining the positive momentum, especially when it settles above the near support levels, getting ready to a new attempt to breach this resistance.

Therefore, our scenario suggest bullish moves in (EURUSD) upcoming intraday trading, conditioned by the stability of the support at 1.1420, targeting the resistance level of 1.1490 preparing to attack it, while breaching this resistance will make the next target at key resistance at 1.1550.

The expected trading range is between 1.1400 support and 1.1530 resistance.

Today's forecast: Bullish