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EUR/USD Continues Upward Trend, Eyes $1.0455 Resistance

by Daisy

The EUR/USD pair extended its rise yesterday, approaching the $1.0455 level, as it continues its bullish correction following a decline from $1.1208 to $1.0221. A break above $1.0455 would likely push the pair toward the next correction target at $1.0600.

As such, a bullish trend is expected for today. However, if the price breaks below $1.0325, it would halt the upward momentum and could reverse the trend back to its main bearish trajectory.

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The anticipated trading range for today is between support at $1.0320 and resistance at $1.0480.

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Trend Outlook: Bullish

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