11.01.2022
The euro against the dollar is showing a new bullish tendency to gradually approach the 1.1375 level, which provides indications that the price is heading to surpass this level and open the way to achieving more expected gains on the intraday basis, supported by the positivity of the stochastic indicator.
Therefore, the bullish bias will be expected in the upcoming sessions, and breaching 1.1375 will confirm the rush towards 1.1500 then 1.1560 levels as next positive targets, taking into consideration that breaking 1.1285 will stop the expected rise and pressure the price to decline again.
The expected trading range for today is between the support 1.1285 and the resistance 1.1420
The forecast trend for today: bullish
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