The (EURUSD) declined in its last trading on its intraday levels, to gather gains after the previous bullish wave, accompanied by the attempts to offload the clear overbought conditions on the (RSI), especially with the emergence of negative signals from there.

Despite this intraday decline, the pair remains supported by its trading above EMA50, and its move within the minor bullish channels range, reinforcing the chances for gathering positive powers and resuming the rise again on the near-term basis.

Therefore, our expectations suggest a rise in (EURUSD) price in the upcoming intraday trading, if the support level settles at 1.1650, targeting the key resistance at 1.1730, if the pair manages to breach this resistance, its next target will be at the key resistance at 1.1790.

The expected trading range is between 1.1650 support and 1.1790 resistance.

Todays forecast: Bullish

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