The EURUSD extended a positive trading session yesterday after confirming the formation of a support base above 1.1911, and the pair is getting positive support from SMA 50 which supports the continuation of the bullish trend, which is supported by the ascending trend line shown in the image.
Therefore, we are waiting for further upside in the coming sessions, and the way is open to visit our next target at 1.2040, noting that breaching this level will extend the pair's gains to 1.2300, keeping in mind that the stability above 1.1911 is an important condition for the continuation of the expected rally for today .
The trading range for today is expected between 1.1900 and 1.2080
The general trend for today is bullish