The (EURUSD) rose in its last intraday trading, approaching from the key resistance at 11745, attempting to breach it, supported by the dominance of the main bullish trend on the short-term, and its trading alongside a bullish bias line, showing the dominant positive momentum in the last period.

The continuation of the dynamic support that comes from the stability of the price above its EMA50 reinforces the potential rise, accompanied by the beginning of forming a positive divergence on the (RSI), after reaching exaggerated oversold levels, which supports the positive overview and keeps the possibilities for breaching the mentioned resistance.

Therefore, our expectations for the (EURUSD) suggest a rise on the intraday levels, conditioned by breaching the resistance at 1.1745, to target the next resistance level at 1.1815.

The expected trading range is between 1.1650 support and 1.1815 resistance.

Todays forecast: Bullish