The EUR/USD currency pair is experiencing a gradual upward movement, aiming to distance itself from the $1.1100 level. This upward trend remains intact for today, with expectations for positive momentum that could push the price towards the $1.1200 target.
Support for this bullish outlook is provided by the price staying above the 50-day exponential moving average (EMA50). The bullish trend will continue as long as the price does not fall below $1.1100 and sustain below this level.
Today’s anticipated trading range is between $1.1050 support and $1.1200 resistance.
Trend Forecast: Bullish
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