As of midday, the EURUSD pair has displayed limited price action, hovering in close proximity to the EMA50. This lack of significant movement does not alter our forecast, which continues to anticipate a bullish trend for today. The next key target on the horizon is situated at 1.0655.
It is worth reiterating the significance of maintaining a position above 1.0515 in order for the expected upward trajectory to persist. A breach below this level would trigger a resumption of the primary bearish path.
Looking at the expected trading range for the remainder of the day, we anticipate support at 1.0460 and resistance at 1.0630.
Today’s Expected Trend: Bullish