The EURUSD pair resumed its bullish rally strongly to breach the 1.1240 level and is moving above the 1.1300 barrier now, reinforcing expectations of the continuation of the bullish trend effectively during the coming period, and the path is open to achieving our next target which is located at 1.1347, with reference to The continuation of the ascending wave requires stability above 1.1240 as a first condition.
The pair faces the 200-week average area with a 61.8 Fibo at 1.1347 - 1.1407 levels that may return the price to retest 1.1180.
It should be noted that markets may witness mixed trades at the time of the release of US unemployment and wages data, which requires caution from upcoming trades.
The expected trading range for today is between 1.1240 support and 1.1370 resistance
Expected trend for today: bullish
