The EURUSD pair concluded the previous day’s trading session above the 1.0880 level and has commenced the current session with an added inclination towards bullish momentum. The pair is currently poised to challenge the minor resistance posed by the EMA50 at 1.0915, suggesting a potential move towards achieving intraday gains.
The initial target for this upward movement is set at the 1.0955 level, and a successful breach of this point could propel the price further to the 1.1030 mark, representing the subsequent positive station.
Considering these factors, a prevailing bullish sentiment is anticipated for today. However, it’s important to keep in mind that a breakdown below 1.0880 could halt the anticipated rise and prompt the price to revert to a correctional bearish trajectory.
In terms of trading ranges, the day’s projections indicate support at 1.0850 and resistance at 1.1000.
In summary, the current trend for the EURUSD pair leans towards a bullish stance.