The EURUSD pair has demonstrated a bullish rebound, finding strong support at the EMA50. This positive movement suggests a potential return to the bullish channel. The forecast indicates that the EURUSD could continue its upward trajectory, aiming to surpass the initial target of $1.0915. Achieving this milestone would pave the way for the next target of $1.1015.
Expected Trading Range
Support Level: $1.0830
Resistance Level: $1.0970
Trend Forecast: Bullish
The technical indicators and current market conditions support a bullish outlook for the EURUSD in the upcoming period. Traders should watch for a break above $1.0915 to confirm the continuation of the bullish trend.